Wenzhou, located in the eastern Zhejiang province of the Chinese mainland, has long been a trailblazer in private enterprise. Nearly 99.5% of its companies are privately owned, fueling a vibrant spirit of innovation and progress.
Recently, strong policy support—including key symposiums and the first fundamental law dedicated to promoting private businesses—has set the stage for Wenzhou to hit major milestones. The city is on track to achieve a 1 trillion yuan GDP and a 10 million population, reaching the famed "Double Ten Thousand" goals.
Industrial output has surged too, with value-added production rising 10.9% year-on-year in just the first four months. High-tech sectors, strategic emerging industries, core digital economy manufacturing, and high-end equipment production are all experiencing double-digit growth, highlighting a robust momentum across the board.
This economic surge is like leveling up in your favorite video game—each breakthrough unlocks fresh opportunities and sparks new creative energy 🚀. For young entrepreneurs, professionals, students, and curious minds, Wenzhou’s story is a powerful reminder that a supportive business environment can drive amazing innovation and set the stage for future global leaders.
Stay tuned as the Chinese mainland continues to nurture an environment where private enterprises thrive and shape a promising tomorrow!
Reference(s):
How China's business environment is helping its privateers thrive
cgtn.com
