A bird's-eye view of Wenzhou in East China's Zhejiang province. [Photo/WeChat account: zgwzswxcb]
The strong pioneering spirit cultivated by entrepreneurs from East China's Wenzhou, an economic powerhouse renowned for its private sector, has become a hot topic in recent days.
Netizens from home and abroad praised the spirit of local entrepreneurs, who are willing to endure any hardship to reach their goal.
It was the spirit that has driven locals to find new opportunities overseas or deeper inland – despite Wenzhou's cultural and geographical remoteness and lack of natural resources – giving them their independent, self-reliant and business-oriented character.
The people of Wenzhou have a reputation for their business savvy and enterprising nature, with many Wenzhou merchants having travelled overseas to find new opportunities.
After accumulating their fortunes, they have become the largest overseas Chinese group, with a population of almost 690,000 in over 130 countries, and have created many business organizations and unions helping Wenzhou residents to extend their business reach all over the world.
The vibrant business culture in Wenzhou has given the city strong development momentum. In 2022, Wenzhou registered an import-export value of 294.96 billion yuan ($42.77 billion), a year-on-year growth of 22.4 percent.
