China's journey towards common prosperity has been marked by significant reforms and opening-up policies since 1978. A shining example of this transformation is the city of Jinjiang in Fujian Province, southeast China.
Once an impoverished agricultural county with limited resources, Jinjiang has leveraged its position as a hub for overseas Chinese to embark on a unique path of industrialization and modernization. This \"Jinjiang experience\" has turned the city into a powerhouse of economic growth and social development.
Over the past four decades, Jinjiang has focused on strengthening its manufacturing industry, driving economic transformation, and setting the \"Made in China\" standard. A standout success story is the clothing brand Septwolves, which evolved from a small garment factory into a publicly listed household name. This growth was fueled by supportive government policies that encouraged enterprise innovation, brand development, and entry into the capital market.
In 2023, Jinjiang's private economy reached an impressive 800 billion yuan (approximately $110 billion) in output value. The city is home to over 90,000 enterprises, 51 listed companies, and 16 government-recognized brands. These achievements have earned Jinjiang the titles of \"brand capital\" and \"fashion city,\" positioning it as one of China’s most economically advanced counties.
Jinjiang’s success is not just a local triumph but a testament to the broader goals of China's modernization with Chinese characteristics. By prioritizing innovation, supporting businesses, and fostering a conducive environment for growth, Jinjiang has laid a solid foundation for continued progress and prosperity, contributing to China’s vision of a brighter future.
Reference(s):
cgtn.com
