Small commodities meant big profits during heady days of economic reform
Wenzhou city plans to invest billions on restructuring its coastal area in order to achieve sustainable industrial growth.
Business people in Wenzhou have not only contributed to the rapid economic development of their own city since the 1980s, but have also travelled internationally and settled all over the world.
Wenzhou, a historic coastal city in southeast China, is a fascinating place to visit.
Often seen as a barometer, Wenzhou's private investors have been seeking out new fields after the government tightened real estate policies.
Southeast China's Wenzhou has been named one of the "Globe's Most Dynamic Cities" by the United Nations Industrial Development Organization as a place for starting new business and industries.
At present, 1.75 million people in Wenzhou are doing business or running enterprises in various parts of China, while 630,000 are engaged business in other countries. The city has a big expatriate community in almost every corner in the world. In their adopted countries, such as in Europe and the United States, Wenzhou's people enjoy a reputation as enterprising due to their retail and restaurants acumen. They have established more than 230 overseas Chinese associations that together form a global business network. The links help Wenzhou people look outward.
Beginning with the nation's era of reform and opening-up in 1978, the private economy of Wenzhou boomed, accelerating the city's economic development and led the way for China in several areas:
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