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ezhejiang.gov.cn| Updated: August 2, 2019 L M S


[Photo provided to chinadaily.com.cn]

Historically, Zhejiang has given top priority to agriculture, and has been an economically developed province based on industry with featured regional massive economics, since its reform and opening-up.

Zhejiang province in East China reported economic growth of 7.1 percent year on year in 2018, 0.5 percentage point higher than the national average.

GDP reached 5.62 trillion yuan ($817.83 billion), ranking fourth in GDP among the 30-plus provincial areas in China, according to the provincial statistics bureau.

The province saw export and import volumes of 2.85 trillion yuan, up 11.4 percent from last year. Zhejiang's exports accounted for 12.9 percent of national total.

Exports and imports related to Belt and Road countries and regions rose 12.3 percent year on year.

Located in the T-shaped joint of Yangtze River Economic Zone and eastern coastal economic belt, Zhejiang has formed a good port structure - the principal Ningbo-Zhoushan Port (including Jiaxing Port) and the subsidiary Wenzhou Port and Taizhou Port.