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.

Zhejiang's GDP was 8.26 trillion yuan ($1.14 trillion) in 2023 and its per capita GDP was 125,043 yuan — compared with the national average of 89,358 yuan. The GDP of two of Zhejiang's 11 cities — Hangzhou and Ningbo — surpassed 1 trillion yuan last year, and in five other cities it exceeded 500 billion yuan.

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.