East China's Wenzhou city is famous for many things, including its shoes, leather products, the difficulty of its dialect, and its vibrant business vibe and bold spirit.
China will accelerate major foreign investment projects to attract foreign investment, a key point in the stimulus package of 33 measures unveiled by the State Council to stabilize economic growth.
Thirty-eight policies will be implemented in Zhejiang province to stabilize the economy and boost the vitality of market entities, officials said at a news conference hosted by the provincial government last week.
China is considering additional fiscal policy support while mounting an all-out effort to put existing measures into place, providing a strong buffer against downward pressures on the national economy.
The digital transformation of the manufacturing industry in Wenzhou, East China's Zhejiang province is taking shape, breaking new ground for the city's high quality economic development.
Wenzhou, a coastal city in East China's Zhejiang province, is forging ahead smoothly from enterprises to the whole industry chain.
Li Tianlong, owner of a motor manufacturer in Yongjia, east China's Zhejiang Province, said digital transformation has saved his 60-employee company from bankruptcy.
Statistics from the Wenzhou municipal commerce bureau show that the city's total foreign trade value has grown 10.1 percent year-on-year to 241.12 billion yuan in 2021.
Wenzhou, Zhejiang province realized a year-on-year growth of 8.7 percent in its total volume of foreign trade from January to September, reaching 171.36 billion yuan.