A Tanzanian entrepreneur received an OPC (one-person company) business license on Aug 18 in Ouhai district, Wenzhou, Zhejiang province, marking the first OPC business license for a foreign individual in Wenzhou.
On the shores of the East China Sea, Wenzhou in Zhejiang province — a cradle of China's private economy — is experiencing a profound transformation that is permeating the day-today operations of the city's 1.57 million business entities.
The regional GDP of Wenzhou in Zhejiang province reached 514.82 billion yuan ($76.07 billion) in the first half of 2026, growing 6.0 percent year-on-year.
Wenzhou has launched a new cross-department mechanism to help businesses expand overseas.
Wenzhou in Zhejiang province recorded a GDP of 255.19 billion yuan ($37.37 billion) in the first quarter, up 6.5 percent year-on-year.
Zhejiang province has set targets and policy priorities from 2026 to 2030.
Wenzhou crossed the 1 trillion yuan ($139 billion) GDP mark in 2025, becoming one of China's leading prefecture-level cities, according to an announcement on Jan 20.
China unveiled the 2025 version of the Catalogue of Encouraged Industries for Foreign Investment, outlining key measures to attract and use foreign capital with greater efforts.
China unveiled the 2025 version of the Catalogue of Encouraged Industries for Foreign Investment, outlining key measures to attract and use foreign capital with greater efforts.
