Hosts promote apparel at a livestreaming studio of Hangzhou Dato Sri Tech Co in Hangzhou, Zhejiang province. [Photo by Xiao Da/China Daily]

The 2021 Zhejiang Provincial Government Work Report, released at the opening ceremony of the fifth session of the 13th Zhejiang Provincial People's Congress on Jan 26, consisted of a summary of the province's major achievements during the 13th Five-Year Plan (2016-2020) period.

Zhejiang's gross domestic product (GDP) stood at 6.46 trillion yuan ($1 trillion) in 2020. Its average annual growth rate was 6.5 percent over the past five years.

Zhejiang's general public budget revenue rose from 481 billion yuan in 2015 to 724.8 billion yuan in 2020, with an average annual growth rate of 8.5 percent over the period.

The disposable income per capita for the province's urban residents and rural residents were respectively above 60,000 yuan and 30,000 yuan in 2020. Their average annual growth rate over the five-year period was 7.5 percent and 8.6 percent.

Zhejiang residents' life expectancy increased from 78.3 years in 2015 to 79.2 years in 2020. The percentage of Zhejiang residents who feel satisfied with public security maintained a rate of around 96 percent in annual surveys over the past five years.

Innovation-driven economy

Zhejiang's R&D expenses as a percentage of GDP grew from 2.3 percent in 2015 to 2.8 percent in 2020.

The ratio of industrial value-added contributed by high-tech enterprises to that contributed by above-designated-size companies was 59.6 percent in 2020, up from 37.2 percent in 2015.

A technician works on an intelligent dyeing machine at a factory in Huzhou, Zhejiang province. WANG ZHENG/FOR CHINA DAILY