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PRIVATE BUSINESS REJUVENATED

By Xing Yi in Wenzhou, Zhejiang | China Daily | Updated: 2018-09-26 07:54

Small enterprises grow and upgrade in Wenzhou thanks to local industrial parks, micro loans and incentives

Wenzhou in southern Zhejiang province is seen as a pioneering city, together with Shenzhen and Shanghai, in the country's reform and opening-up over the past four decades, and is moving to help its small businesses grow further.

Dubbed the birthplace of new China's private sector, after the mainland's first private business license was issued there in 1980, the coastal city has been famous for its prosperous family-run businesses ever since.

PRIVATE BUSINESS REJUVENATED

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