Wenzhou Becomes 28th Chinese City With GDP of Over CNY1 Trillion
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Wenzhou has surpassed a GDP of CNY1 trillion (USD143.5 billion), becoming the 28th Chinese city to achieve this milestone. The city's economy, primarily driven by its robust private sector with nearly 1.6 million registered firms, grew by 6.3% in 2024. Wenzhou's population reached 9.85 million, and the city has focused on revitalizing traditional industries and fostering emerging sectors, supported by advancements in technology and education. Improved transportation links are enhancing resource accessibility for economic growth.
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