35,000 gazelle enterprises in China, potential unicorns, contribute to economic growth.

China's innovative landscape boasts rapid-growth enterprises, or "gazelles," which possess unique business models and groundbreaking technology. The Chinese government prioritizes nurturing gazelle firms, which are potential unicorns (valued at over $1bn). As of July 2022, China has over 35,000 gazelle enterprises in 92 major industry categories, contributing to economic growth and resource allocation.