The fourth largest economy and the third largest exporter in China, Zhejiang Province leads all provinces in rankings of GDP per capita in both urban and rural areas. As a result of the provincial government's business-friendly policies, this region witnessed the success of thousands of small businesses. Compared to the rest of China, people in Zhejiang are the most entrepreneurial, which has also aided the province in achieving a small urban to rural income gap.
An important maker of electronics and other equipment, Zhejiang's manufacturers had a significant competitive advantage: cheap prices, low labor costs and resource costs and high volumes. However, as other provinces become cheaper, Zhejiang's growth is shrinking and structural reform is needed. Additionally, high incomes and limited investment choices have resulted in high property costs.
Zhejiang's GDP grew 8% to RMB3.46 trillion in 2012.
Huzhou Economic Development Zone
Dinghai Industrial Park
Hangzhou Economic & Technological Developing Area
Hangzhou New & Hi-Tech Industrial Development Zone
Hangzhou Export Processing Zone
Hangzhou Zhijiang National Tourist Holiday Resort
Jiaxing Export Processing Zone
Ningbo Economic and Technical Development Zone
Ningbo Daxie Island Development Zone
Ningbo Free Trade Zone
Ningbo Export Processing Zone
Quzhou Industrial Park
Shenjia Economic and Technological Development Zone
Wenzhou Economic and Technological Development Zone
Xiaoshan Economic and Technological Development Zone
Zhejiang Quzhou Hi-Tech Park
Zhejiang Zhoushan Economic Development Zone
Zhejiang Donggang Economic Development Zone