Hangzhou, Zhejiang province. [Photo/IC]

East China's Zhejiang province reviewed its progress for 2024 and outlined key tasks for 2025 at a conference in Hangzhou on Dec 21.

Zhejiang's economy showed robust performance in 2024, with GDP growing by 5.4 percent in the first three quarters and an anticipated annual growth of 5.5 percent. The province outperformed national averages in industrial output, exports, and retail sales from January to November.

In the coming year, Zhejiang's key initiatives will include:

Enhance policy advantages and bolster economic resilience.

Focus on high-impact infrastructure to optimize investment efficiency and returns.

Tailor strategies to local strengths, fostering new quality productive forces and modernizing the industrial landscape.

Enhance domestic demand to ensure consumption remains a cornerstone of economic growth.

Promote high-level opening-up to accelerate the development of Zhejiang into a leading hub of international commerce.

Utilize the "Thousand Projects, Trillion-Yuan Investments" Initiative to drive urban-rural integration and narrow the income and development gaps between regions.

Implement crucial reforms to invigorate economic vitality and competitiveness.

Accelerate efforts to create an eco-friendly and low-carbon economy.

Prioritize policies that directly improve public welfare, ensuring the benefits of growth are broadly shared.