Zhejiang is the birthplace of the Communist Party of China and the "Red Boat Spirit". In 1921, the first CPC National Congress was successfully held on a small boat on Nanhu Lake in Jiaxing, signifying the birth of the Communist Party of China.

[Photo/WeChat account: zjfabu]

Zhejiang was a pioneer in China's reform and opening-up. It carried out market-oriented reform more than 40 years ago, one of the first provinces in China to do so. Over the years, its private economy has achieved leapfrog growth in scale and strength, nurturing a great number of successful enterprises.

Since the reform and opening-up drive four decades ago, Zhejiang has embarked on a fast track of economic growth. The sense of fulfillment, happiness and security among Zhejiang people has grown continuously.

In 2022, Zhejiang's GDP came in at over 7.77 trillion yuan ($1.15 trillion), up by 3.1 percent year-on-year. 

By 2027, the province will work toward a target GDP of 12 trillion yuan, with its per capita GDP reaching 170,000 yuan and per capita disposable income reaching 85,000 yuan.