Fastest Growing Industries in China by Revenue Growth (%) in 2021

1. Internet Services in China

2021-2022 Revenue Growth: 24.9%

Revenue for the Internet Services industry is expected to grow at a rapid 25.4% in 2020, to reach $803.1 billion. Industry revenue is expected to grow at an annualized 34.9% over the five years through 2020, driven by booming domestic demand. The number of internet users in China has increased rapidly over the period. The COVID-19 outbreak in China drove market demand for internet services in China. The pandemic situation in China was serious over the first quarter of 2020, and revenue for the Internet Services industry increased rapidly during this period.

The application services segment has become more important to... Learn More

2. Online Shopping in China

2021-2022 Revenue Growth: 18.5%

The Online Shopping industry in China is expected to grow at an annualized 22.5% over the five years through 2020, to total $1.8 trillion. This trend includes expected growth of 20.1% in the current year. The industry's rapid growth can be attributed to the rising popularity of ecommerce in China and online businesses continuously developing their services. In addition, the number of mobile internet users has greatly increased over the past five years, as mobile internet services have continued to develop, boosting the industry's performance. Moreover, as people made more purchases online during the COVID-19 outbreak, the industry's sales revenue... Learn More

3. Medical Device Manufacturing in China

2021-2022 Revenue Growth: 18.1%

The Medical Device Manufacturing industry is set to generate $26.1 billion in revenue in 2020, up 18.2% from 2019. Industry revenue is expected to grow at an annualized 12.5% over the five years through 2020. This growth has been supported by the increasing purchasing power of hospitals, improvements in living standards and therefore demand for medical diagnoses, technology upgrades in hospitals, requirements for higher quality products and the development of China's western regions. In 2020, the COVID-19 pandemic has significantly boosted industry revenue.

Domestic demand is set to increase by 15.2% in 2020, with imports accounting for an estimated 26.2% share.... Learn More

4. Toll Road Operation in China

2021-2022 Revenue Growth: 17.7%

Toll road operators charge motorists for the right to drive on highways. They collect tolls to compensate for the investment into highway construction as well as their maintenance. In China, most toll roads are invested in and managed by the government, and their revenue is primarily derived from tolls. Due to COVID-19 in 2020, revenue for the Toll Road Operation industry in China has been decreasing at an annualized rate of 0.8% in the five years through 2020. Total revenue is expected to reach $73.9 billion in 2020. Since industry activities are supervised by the government, there are only 145... Learn More

5. Satellite Transmission Services in China

2021-2022 Revenue Growth: 15.3%

Revenue for the Satellite Transmission Services industry is expected to grow at an annualized 12.5% over the five years through 2020, to reach $834.2 million. The industry has benefited from increasing demand for satellite broadcasting television and satellite communication. The coverage of major sporting events, such as the 2008 Beijing Olympics, the 2010 Asian Games, the 2014 World Cup and the 2015 Beijing World Athletics Championships also significantly affected the industry's year-on-year performance. The industry comprises 192 enterprises employing approximately 4,434 people, with a payroll of $64.0 million.

Between 2005 and 2020, communications satellites including ChinaSat-15 and ChinaSat-16 were launched in... Learn More

6. Movie Production in China

2021-2022 Revenue Growth: 15.2%

The Movie Production industry in China is estimated to generate $4.8 billion in 2020. Revenue is expected to decrease at an annualized 5.7% over the five years through 2020. The rapidly rising in the previous years was due to consumption of power, and desire for cultural and entertainment products have fueled the industry's growth. In 2020, revenue is anticipated to decrease by 40.3% due to the negative influence of the COVID-19 pandemic.

The domestic production of feature films for the Chinese market has grown strongly from 838 films in 2015 to 1,082 in 2018. However, it then decreased to 1,037, and... Learn More

7. Online Games in China

2021-2022 Revenue Growth: 15.2%

Enterprises in the Online Game industry in China produce (i.e. design and develop) and operate online games. Most online game companies both create and operate their games. However, some online game producers sell licenses to agencies, which are then solely responsible for the operation of the games.

Industry revenue is expected to increase at an annualized 15.2% over the five years through 2020, to $49.2 billion. This trend includes expected growth of 25.2% in the current year. The popularity of online games has grown rapidly in China over the period. Approximately 58.4% of internet users now play online games.

The Chinese online... Learn More

8. Pig Farming in China

2021-2022 Revenue Growth: 15.1%

Revenue for the Pig Farming industry in China is expected to grow at an annualized 12.1% over the five years through to 2020, to $74.4 billion. This trend includes an anticipated rise of 28.8% in the current year. Rising domestic living standards and purchasing power have stimulated demand for pork. Many small- and mid-size pig farming enterprises have exited the industry since 2012, having been affected by the implementation of strict environmental regulations in China. Moreover, due to the strong fluctuations in meat prices, the number of slaughtered fattened hog decreased from 708.3 million to about 512.3 million over the... Learn More

9. Securities Brokerage and Transaction Services in China

2021-2022 Revenue Growth: 15.0%

Over the five years through 2020, revenue for the Securities Brokerage and Transaction Services industry has been decreasing at an annualized 20.0%, to $16.3 billion. This includes expected revenue growth of 8.0% in the current year. Due to high levels of industry and economic volatility in China, the industry experienced significant fluctuations over the last five years. Following the last long bull market, the stock market in China crashed in 2008. In 2009, China's securities markets, especially the stock market, recovered from the major fall in 2008, stimulated by greater liquidity, increasing investor confidence and China's recovering economy. In 2010,... Learn More

10. Energy-Efficiency Consultants in China

2021-2022 Revenue Growth: 15.0%

Revenue for the Energy-Efficiency Consultants industry in China is expected to grow at an annualized 13.7% over the five years through 2020, to $123.7 billion. This trend includes anticipated growth of 3.0% in the current year. A range of energy-saving and emission reduction regulations implemented in 2006 have supported the industry's rapid growth over the past five years. Issued in 2010, the Interim Measures for Management of Financial Incentive Funds of Energy Management Contracting Projects allocated generous subsidies for contract energy management (CEM) projects. This initiative marked the beginning of the industry's standardization in China. The industry includes an estimated... Learn More