Key Insights
Zhejiang Province, strategically located in the southeastern coastal region of China at the southern wing of the Yangtze River Delta, serves as a crucial intersection of the Belt and Road Initiative and the golden position of the Yangtze River Delta region.
With an economic output exceeding 8 trillion yuan (US$1.1 trillion) in 2023 and hosting 206 Fortune 500 companies, Zhejiang has established itself as China's digital economy pioneer and advanced manufacturing powerhouse.
Zhejiang: China's Digital Economy Pioneer
Zhejiang Province is located in the southeastern coastal region of China at the southern wing of the Yangtze River Delta. It borders the East China Sea to the east, Fujian Province to the south, Jiangxi and Anhui provinces to the west, and Shanghai and Jiangsu Province to the north. This strategic location places Zhejiang at the important intersection of the Belt and Road Initiative and the golden position of the Yangtze River Delta region.
Economic Performance Highlights (2023):
- GDP: 8.26 trillion yuan (US$1.14 trillion), 6.0% growth
- Import/Export: 4.9 trillion yuan, 4.6% growth
- Export scale: 2nd nationally
- Foreign investment: US$20.23 billion, 4.8% growth
Global Business Presence
Zhejiang's business-friendly environment and strategic advantages have attracted significant international investment. As of 2023, 206 Fortune 500 companies have established operations in Zhejiang, demonstrating the province's appeal as a premier investment destination.
Zhejiang's Investment Landscape (2023)
| Indicator | Value | National Ranking |
|---|---|---|
| GDP Scale | 8.26 trillion yuan | 4th nationally |
| Export Volume | Leading scale | 2nd nationally |
| Foreign Investment | US$20.23 billion | Top tier nationally |
| Fortune 500 Companies | 206 companies | Leading concentration |
Investment Attraction Policy Framework
Zhejiang has established a comprehensive policy framework to attract and support foreign investment, with multiple regulations covering investment promotion, foreign capital utilization, and R&D center development.
Key Policy Documents
Investment Promotion Enhancement (2022)
Zhejiang Provincial Government's Guiding Opinions on Further Strengthening Investment Promotion Work
Document No.: Zhe Zheng Fa [2022] No. 3
Foreign Investment Utilization (2023)
Several Measures for Greater Efforts to Attract and Utilize Foreign Investment
Document No.: Zhe Zheng Ban Fa [2023] No. 22
Foreign R&D Centers Development (2023)
Guiding Opinions on Encouraging the Establishment and Development of Foreign R&D Centers
Document No.: Zhe Shang Wu Lian Fa [2023] No. 81
Policy Focus Areas:
- Investment promotion and business environment optimization
- Foreign capital attraction and utilization enhancement
- R&D center establishment and innovation support
- Advanced manufacturing and digital economy development
Priority Industries and "415X" Manufacturing Clusters
Zhejiang is accelerating the construction of a modern industrial system with advanced manufacturing as the backbone, digital economy as the core, modern transportation and logistics as arteries, and modern infrastructure as support. The province promotes deep integration between modern services and advanced manufacturing, as well as between digital economy and real economy.
"415X" Advanced Manufacturing Cluster System
Zhejiang is vigorously cultivating the "415X" advanced manufacturing cluster system, focusing on high-end, intelligent, and green development of manufacturing industries.
Green Petrochemicals
Advanced petrochemical industry focusing on green, sustainable, and high-value-added chemical products and materials.
New Energy Vehicles & Components
Complete ecosystem for electric vehicles, autonomous driving technology, and advanced automotive components.
Smart IoT (Internet of Things)
Advanced IoT technologies, smart devices, and connected systems for industrial and consumer applications.
Modern Textiles & Apparel
High-end textile manufacturing, fashion design, and sustainable apparel production with global brand presence.
Additional Strategic Industries
Digital Economy Integration
Zhejiang leads China in digital economy development, promoting the deep integration of digital technologies with traditional industries. The province focuses on building a modern industrial system where digital economy serves as the core driver of economic transformation.
Digital Manufacturing
Smart factories, industrial IoT, and AI-driven manufacturing processes transforming traditional industries.
E-commerce Ecosystem
World-leading e-commerce platforms and digital trade infrastructure supporting global commerce.
Fintech Innovation
Advanced financial technology solutions, digital payments, and blockchain applications.
Smart Logistics
Intelligent transportation and logistics networks supporting efficient supply chain management.
Digital Services
Cloud computing, big data analytics, and digital platform services for various industries.
Green Technology
Environmental technology solutions and sustainable development innovations.
Strategic Advantages for International Investors
Zhejiang offers unique advantages that make it an ideal destination for international investment and business expansion:
- Strategic Geographic Location: Positioned at the intersection of the Belt and Road Initiative and the Yangtze River Delta golden triangle, providing access to China's most dynamic economic regions.
- Digital Economy Leadership: China's pioneer in digital economy development with comprehensive digital infrastructure and innovative business models.
- Manufacturing Excellence: Advanced manufacturing capabilities with focus on high-end, intelligent, and green production technologies.
- Export Competitiveness: Second-largest export scale nationally with well-established international trade networks and logistics infrastructure.
- Business Environment: Comprehensive policy support, streamlined administrative processes, and strong protection of intellectual property rights.
- Innovation Ecosystem: Strong R&D capabilities, technology transfer mechanisms, and collaboration opportunities with leading universities and research institutions.
Investment Opportunities in Zhejiang
Zhejiang Province represents one of China's most dynamic and innovative investment destinations, combining traditional manufacturing strength with cutting-edge digital economy development. The province's strategic location, comprehensive policy support, and world-class business ecosystem create exceptional opportunities for international investors.
Why Choose Zhejiang?
- 8.26 trillion yuan GDP with consistent growth trajectory
- 206 Fortune 500 companies already invested
- National leader in digital economy and e-commerce
- "415X" advanced manufacturing cluster system
- Comprehensive policy support for foreign investment
Whether you're looking to establish manufacturing operations, develop digital solutions, or access China's vast consumer market, Zhejiang provides the infrastructure, talent, and business environment necessary for success in the Chinese market.
Ready to succeed in the Chinese market?
Through our comprehensive China business services, international enterprises can:
- Connect with verified suppliers and high-quality manufacturing resources
- Access professional sourcing, purchasing, and customization services
- Obtain comprehensive company verification and risk assessment reports
- Receive expert guidance on Chinese business culture and regulations
Let our professional team help you navigate the Chinese market and achieve your business goals with confidence.