(しんこう)

しんこう
noun, no-adjective
rising, emerging, newly developed
See also: 振興(しんこう) (promotion)
1. rising, emerging, newly developed
Something that has recently come into existence or prominence; newly established and growing.
The economic growth of emerging nations is remarkable.
This is a product developed by a startup company.
I moved to a newly developed residential area.

新興(しんこう) describes things that are newly established and on the rise. It often has positive connotations of growth and development.

COMMON COMPOUNDS:

NOTE: This is a homophone with 信仰(しんこう) (faith) and 進行(しんこう) (progress).