[Photo provided to chinadaily.com.cn]

Zhejiang's GDP was 8.26 trillion yuan ($1.14 trillion) in 2023 and its per capita GDP was 125,043 yuan — compared with the national average of 89,358 yuan. The GDP of two of Zhejiang's 11 cities — Hangzhou and Ningbo — surpassed 1 trillion yuan last year, and in five other cities it exceeded 500 billion yuan.

By 2027, the province will work toward a target GDP of 12 trillion yuan, with its per capita GDP reaching 170,000 yuan and per capita disposable income reaching 85,000 yuan.

In particular, per capita disposable income of rural residents is expected to reach 55,000 yuan, and the income ratio between urban and rural residents is expected to further narrow, dropping to lower than 1.9.