In the vibrant city of Wenzhou, a new wave of entrepreneurs is reshaping perceptions of China's private economy. Once known for belts, lighters and handmade shoes, these pioneers are now leading the charge in new energy, artificial intelligence and smart manufacturing.
Back in the early days, Wenzhou businesspeople built their reputations on small-scale exports and local craftsmanship. Their success stories echoed across Asia and Europe as they forged global networks with agility and creativity, proving that innovation can start with the simplest products.
Fast forward to today, and Wenzhou's private sector is a beacon of China's “new quality productive forces.” Startups in new energy are developing clean technologies, AI labs are partnering with universities worldwide, and smart factories are pioneering Industry 4.0 techniques. This evolution marks a shift from labor-intensive goods to high-value, tech-driven solutions.
In an exclusive cross-border conversation, CGTN's digital reporter Wang Tao sits down with Wenzhou entrepreneurs to explore how they navigate international markets, embrace sustainable practices and leverage digital platforms to scale up. Their insights highlight the blend of local heritage and forward-thinking strategies that keep them ahead in a competitive world.
As these private pioneers step onto the global stage, they offer inspiration to young global citizens, business and tech enthusiasts, and changemakers everywhere. The Wenzhou spirit—rooted in resilience, innovation and connection—showcases how private entrepreneurship can drive real-world impact and shape the future of global trade.
Reference(s):
From Wenzhou to the world: Driving China's private economy forward
cgtn.com
