Zhejiang

Zhejiang's GDP ranked 4th nationally, with Hangzhou's economy anchored by Alibaba and the e-commerce ecosystem. The province leads China's private sector development—entrepreneurship and SME formation rates exceed other provinces. Hangzhou hosts the Alibaba headquarters, Ant Group, and thousands of tech startups. The digital economy contributes significantly to GDP. Yiwu hosts the world's largest small commodities market. Ningbo-Zhoushan port ranks among global leaders in cargo throughput. Manufacturing strengths include textiles, electronics, machinery, and consumer goods. The Yangtze River Delta integration (with Shanghai, Jiangsu, Anhui) creates a combined economy equivalent to Germany or Japan. Wenzhou is famous for private enterprise and overseas diaspora networks. The province's per capita GDP and household income rank among China's highest. Zhejiang pioneered rural e-commerce (Taobao villages) enabling agricultural communities to access national markets.