Yueqing is the earliest development of China’s market economy, economic development, one of the most dynamic regions. Since reform and opening, Yueqing who play a “beach-goers” role in order to first in the world known for the Quartet, the first established a joint-stock system as the main organizational forms of economic development pattern.
As a leader in the private economy in China, Yueqing since 1993 into the national comprehensive strength ranks hundred counties in 2005, ranked 35. In 2004, the city’s GDP of up to 25.25 billion yuan, fiscal revenue 2.408 billion yuan for urban residents per capita disposable income of 15,945 yuan.
After more than 20 years of development, Yueqing industry has taken shape in two major industrial zones, namely, industrial belt along the 104 national highway and coastal industrial zone, the distribution of more than a dozen of its main features massive industry. 104 State Road industrial belt along the main high and low voltage electrical appliances, electronics, motorcycle helmets, clothing, machinery, drill bits, precision tooling and other massive industries, coastal industrial belt are mainly Qingjiang – puqi aquatic products processing industry, and Huang – Seven Mile in Hong Kong ship manufacturing industry.
Stock cooperative economy to Yueqing industrial economic development to create a “golden age.” Yueqing there are 12 companies currently participating in the national top 500 private enterprises, four companies into the top 500 Chinese enterprises list, the 960 industrial enterprises above designated size, the annual output value of over 77 million companies, non-regional enterprise group 60. Yueqing has successively won the China Electric Capital, the Chinese drill bit (Construction) industry base in China casual wear city, China’s electronic components industry base, production base of Chinese precision molds, explosion-proof electrical appliances production base in China, China’s industrial base and the circuit breaker National Torch Program Intelligent Electric Industrial base Guo Zihao payment card industry.
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