Jinhua shows sustainable economic path

City with robust private sector to further reshape industries, trade environment

Jinhua, a city in the heart of Zhejiang province, is transforming and upgrading its industries while fostering new ones to drive high-quality development, the city's Party Secretary Zhu Chonglie said.

In 2022, the Zhejiang Provincial Committee of the Communist Party of China designated Jinhua as a "high-level, inland open hub". In response, the city has developed a robust private economy, with 2 million market entities.

In recent years, Jinhua has deepened its participation in the Belt and Road Initiative, developed new trade models such as cross-border e-commerce and accelerated its opening-up efforts. Last year, the city's exports reached 771.92 billion yuan ($106.62 billion), an increase of 16.4 percent year-on-year, contributing 32.1 percent to Zhejiang's growth and accounting for 3 percent of China's total.