Economic Watch: East China's economic powerhouse to foster private industry giants

NAMPA / Xinhua

2025-01-16

HANGZHOU, Jan. 16 (Xinhua) -- Zhejiang, a major manufacturing province in eastern China, plans to cultivate 20 new "Eagle Enterprises," or industry leaders, predominantly from its private sector, in 2025. This initiative aims to further enhance the dominant position and influence of local enterprises in domestic and international resource allocation. The province's GDP growth target for 2025 is set at 5.5 percent, and was announced during the......

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