Why Guzhen

To Become the World-class Lighting Capital

Guzhen Town is renowned both domestically and internationally as the "Lighting Capital of China". In 2023, the town achieved a GDP of 15.1 billion yuan, with tax revenues amounting to 1.98 billion yuan. By the end of the year, the balance of local and foreign currency deposits reached 50.95 billion yuan, and residents' savings totaled 40.23 billion yuan. The town's bank deposits have consistently ranked among the highest in the city for many years. Guzhen Town's economic and industrial structures are highly distinctive, with individual and private economies being particularly vibrant. Currently, the town has fostered a social atmosphere of widespread entrepreneurship, with over 77,000 registered business entities and more than 60% of households becoming business owners of various scales. 

Among these, the lighting industry is the leading sector and the economic pillar of Guzhen. Since its development began in 1982, after nearly 30 years of cultivation and growth, a lighting industry cluster centered around Guzhen has formed, covering 11 towns and streets across three neighboring cities, with an annual output value exceeding 100 billion yuan. This cluster has become one of the world's major specialized lighting markets and the largest professional lighting production base and wholesale market in China. As of the first quarter of 2024, the town had 45,699 business entities with "lighting" included in their business scope, and it boasts three nationally renowned trademarks. Guzhen Town has become a national pilot for market procurement trade, establishing a new regional international trade platform supported by the lighting cluster and integrating various trade methods. The products are not only popular nationwide but also exported to over 140 countries and regions, enjoying significant recognition and reputation..