From humble beginnings selling belts, lighters, and shoes to pioneering breakthroughs in artificial intelligence and renewable energy, Wenzhou's business leaders are rewriting the rules of global economic engagement. This coastal city's transformation mirrors China's private sector evolution, now contributing over 60% of national GDP growth according to official data.
From Workshops to World Stage
Wenzhou's journey began with family-run workshops in the 1980s, gradually developing into specialized manufacturing clusters. Today, over 300,000 Wenzhou-based enterprises operate across 130 countries and regions, with particular concentration in Southeast Asian markets.
New Quality Productive Forces Emerge
Local firms like CHINT Group have transitioned from electrical components to smart grid solutions, while footwear giant Aokang invests in 3D-printed custom shoes. 'Our innovation cycle has accelerated from 18 months to 45 days,' revealed solar panel manufacturer DZ Energy's CEO during CGTN's interview series.
Cross-Border Collaboration Accelerates
The Taiwan Strait sees increasing tech partnerships, with Wenzhou's Zhejiang University research park hosting joint semiconductor projects. Meanwhile, APEC members report growing interest in Wenzhou's green manufacturing models, particularly in Vietnam and Indonesia.
As digital reporter Wang Tao notes: 'What began as survival entrepreneurship has become systemic innovation – this is China's private economy writing its next chapter.'
