Category: Economy

  • Prosperity for All: Digital economy becomes accelerator for economic growth

    Zhejiang Province is China’s demonstration zone for achieving common prosperity. Its gross domestic product level has been doubled in the past ten years, and ranked fourth in the country in 2021. In another episode of our special series “Decoding the Common Prosperity,” our reporter Wu Bin takes a look at how digitization is boosting economic […]

  • Zhejiang achieves positive growth in foreign trade for 29 consecutive months

    Latest figures from the customs authorities in East China’s Zhejiang province show that the province’s imports and exports were up 19.5 percent year-on-year in the first seven months of 2022, and its growth contribution rate was the highest in the country. Zhejiang has recorded positive growth in imports and exports for 29 consecutive months, since […]

  • The 5th World Oil Merchants Conference opened in Zhoushan

    The 5th World Oil Merchants Conference opened in Zhoushan on August 31. With the theme of “Discussing Oil and Gas, Sharing Opportunities, and Seeking Common Development,” this conference brought together well-known companies, well-known experts, and authoritative institutions in the whole global oil and gas industry chain to jointly discuss the oil and gas industry “offline and […]

  • Hangzhou showcased “hard power” at theservice trade fair

    At China International Fair For Trade In Services held held in the National Conference Center and Shougang Park yesterday, new technologies, new services and new products for global services trade were combined to present a service trade feast. Hangzhou enterprises collectively showcased corporate brands and strength, and worked to enhance the popularity and brand influence of the […]

  • Zhejiang holds regular meeting on economic stability and quality improvement

    Yuan Jiajun speaks and emphasizes the importance of hard work and efficient action to consolidate the momentum of economic stabilization and recovery Wang Hao presides over the meeting; Huang Jianfa is present On the afternoon of the 29th, the province held a regular working meeting on economic stabilization and quality improvement in Hangzhou. Yuan Jiajun, […]

  • Hangzhou’s foreign trade up 10.4% in Jan-July

    Customs officers inspect a factory in Hangzhou, Zhejiang province. [Photo/Zhejiang Daily] Hangzhou’s exports and imports from January to July were valued at 449.87 billion yuan ($65.68 billion), up 10.4 percent year-on-year, according to local customs on Aug 24. The city’s foreign trades with the European Union, the United States, and the Association of Southeast Asian […]

  • Hangzhou generates $90b in service added value in H1

    Tourists camp on a grassland in a mountainous area in Hangzhou, capital of East China’s Zhejiang province. [Photo/Zhejiang Daily] The added value of Hangzhou’s service sector in the first half of this year was 612.1 billion yuan ($90.22 billion), a year-on-year rise of 5.4 percent, according to a report recently released by the Hangzhou statistics […]

  • Wang Hao chairs provincial government executive meeting to schedule weekly economic operations

    On the afternoon of the 11th, Governor Wang Hao presided over the 106th executive meeting of the provincial government to schedule weekly economic operations of our province, and review “Guiding Opinions on High-Quality Development of Global Advanced Manufacturing Base”. The meeting pointed out that the province’s economy is currently under pressure from various aspects, and with the […]

  • Hairy crab price will be lowered by 10% as the fishing season starts

    With stow net fishing vessels fully prepared to set off for fishing at 12:00 am on August 16th, fresh large yellow croakers, hairy crabs and other seafood will soon be available on the market. Before the fishing vessels go out to the sea, many restaurants in Hangzhou have already booked seafood in advance and will […]

  • Hangzhou embracing ‘first-store’ economy

    Zhejiang’s first Costco store is under construction in Xiaoshan district, Hangzhou. The store is expected to open in July 2023. [Photo/Zheng Haiyun for Xiaoshan Daily] Hangzhou in East China’s Zhejiang province has been stimulating consumption by attracting popular brands to set up their first stores in the city, local media reported on Aug 10. Such […]