Zhejiang becoming model for common prosperity

Zhejiang province is emerging as a national model for achieving common prosperity through high-quality development, anchored by accelerated growth in science and technology.

According to the Zhejiang Scientific and Technological Achievements Transformation Index 2024, which was released in December, the province's sci-tech index saw an average annual growth rate of 19.6 percent in the first three years of Zhejiang's 14th Five-Year Plan (2021-25) period, providing a powerful driving force for advancing the economy.

"This year marks the conclusion of the 14th Five-Year Plan and is a critical year for building a demonstration zone for achieving common prosperity through high-quality development," said Wang Hao, secretary of the Communist Party of China Zhejiang Provincial Committee, during the first meeting of Zhejiang authorities in the Year of the Snake, which started on Jan 29.