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Wenzhou elevated as example tackling trade friction, pioneering openness, and revitalizing industries

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ezhejiang.gov.cn|Updated: December 22, 2023

Wenzhou's outstanding practices in trade reflect the city's prowess in addressing industrial challenges, advancing economic strategies, and smoothing the industrial chain.

In Wenzhou, the city leads efforts to counter trade friction. It has fortified its trade risk awareness, optimized relief mechanisms that provide comprehensive services to enterprises, and established collaborations between the city and counties.

Yueqing, a county-level city under the administration of Wenzhou, is positioned as the birthplace of the Wenzhou Model, an exemplification of the development of the nation's private economy. The city is making efforts in making a more high-quality, resilient, and dynamic open economy. 

With a focus on expanding globally, Yueqing is actively securing international orders, attracting companies breaking ground in the city, and integrating the city into the broader economic landscape.

Yongjia, a county in Wenzhou, aligns with the province's economic upgrading. The county excels in nurturing new economic vitality. Leveraging its industrial network, the county exports automobiles to Mongolia, Russia, and Europe, connecting the entire automobile industrial chain and increasing shares in both domestic and international markets.

Wenzhou's trio of trade improvement highlights its commitment to business optimization, setting an example for other cities in the province.

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