Zhejiang set to be model of prosperity

As demonstration zone, province will serve as example of balanced development

A demonstration zone for common prosperity in Zhejiang province will explore directives, garner experience and serve as an example for the nation to tackle the problem of unbalanced, inadequate development, officials and experts said.

The decision to establish the zone was unveiled in a guideline jointly released by the Communist Party of China Central Committee and the State Council, China's Cabinet, on June 10. It came as the nation works toward the goal of tackling development problems and narrowing the gap between urban and rural areas after eradicating extreme poverty last year.

The guideline outlined policy measures covering seven aspects, including those that specify steps to make growth more efficient, push further reform in the province's income distribution mechanism and bridge the urban-rural divide.