Zhejiang factory output climbs in May as wearable sales jump 340%
Consumer spending showed signs of a shift toward higher-value technology products.
Consumer spending showed signs of a shift toward higher-value technology products.
The rollout comes as authorities seek to curb unauthorized drone activity amid the rapid growth of the low-altitude economy.
In May alone, exports to ASEAN reached 68.49 billion yuan, surpassing the European Union to become the province’s largest overseas market.
“Opportunities in this era are unprecedented, but those who fail to advance will fall behind,” Zhou, former provincial science and technology chief, said.
Zhejiang’s cross-border e-commerce exports reached 267.8 billion yuan ($39.58 billion) in 2025, up 24.9% from a year earlier and ranking second nationally behind Guangdong.
Zhejiang’s province-wide total reached 13 listings and 9.94 billion yuan in fundraising during the first five months of the year.
The platform also automatically matches companies with eligible policy support programs, reducing paperwork and repeated applications.
Private-sector industrial firms remained the main engine of growth in the January-April period, with output rising 7.9% and contributing nearly 80% of total industrial expansion.
On the financial side, many Zhejiang exporters are primarily settling cross-border trade directly in yuan, circumventing dollar-denominated wire transfers.
The latest policy expands the number of sectors open to private capital from seven to nine by adding offshore wind and urban infrastructure projects.