Zhejiang stays focused on high-quality development

East China's Zhejiang province, an economic powerhouse that is renowned for its thriving private sector, is further developing its digital economy by launching a 10 billion yuan ($1.48 billion) industrial fund and supporting key digital enterprises and projects such as unmanned factories and workshops, in a bid to achieve high-quality economic development in the year ahead.

"We are pushing ahead with market reform, further intensifying reform of supply-side structure, in a bid to ensure high-quality and sustainable economic development," said Zhejiang Governor Yuan Jiajun in his annual work report at the opening ceremony of the second session of the 13th provincial people's congress, which opened on Sunday in Zhejiang's capital Hangzhou.

In 2018, Zhejiang's gross domestic product rose by 7.1 percent, with its general public revenue posting an 11.1 percent increase, ranking fourth in the nation.