Wenzhou's economy kicked off the year strong, with its GDP growing 6.1 percent to 212.52 billion yuan ($29.41 billion) in the first quarter.
The agricultural sector saw a 3.9 percent increase, with notable rises in the outputs of vegetables, fruits, and aquatic products. Industrial performance was particularly robust, with a 10.7 percent growth in value-added among above-designated-size industrial enterprises.
Services, making up over half of Wenzhou's economy, grew by 5 percent, with modern services like IT and transportation leading the charge. The courier service volume notably surpassed 500 million items, a 21.6 percent jump from the previous year.
High-tech and high-end equipment manufacturing industries also saw impressive growth, contributing to the city's high-quality economic development. Investments in high-tech industries soared by 42.6 percent, reflecting Wenzhou's commitment to innovation.
The city has made significant strides in fostering a high-tech ecosystem, attracting over 200,000 talents annually and reaching new heights with over 4,300 high-tech enterprises and 15,600 provincial technology-based SMEs.
Private enterprise innovation is thriving under supportive policies, with R&D investments consistently growing by over 10 percent over the past five years.
