Industrial Agglomeration Boosts Economic Growth and Innovation Across China
This study explores how industries clustering together can boost the economy and drive innovation. In China, manufacturing and service industries like banking or IT are gathering in different ways. Manufacturing industries are clumping together more visibly, while service industries are growing in big cities and at different speeds, shifting toward working together more closely. This kind of clustering helps the economy grow and improves how resources are used, forming advantages for regions to compete with each other.