Having passed its transformation from handicraft industry to the current modernized industry, Wenzhou has now constructed a complete industrial structure in machinery, chemicals, light textiles, medicine, food, paper-making, leather-making, plastics, arts and crafts, ceramics, building materials house hove electrical appliances, low-voltage electrical appliances, metallurgy, ship-building and electric power. It has opened in the city several markets specialized in selling low-voltage electrical appliances, fashion clothing and shoes.
As many as &127137&127 enterprise groups dealing with more than 1000 industrial products have been formed in Wenzhou. Most of these products are labeled as famous, good, special and brandnew. And 62 of them have won honors at city level.
People in Wenzhou are well known as ready to take challenges and blaze new trails in pursuing enterprises expansion. They are insightful enough to cultivate relevant market systems in accordance with commodities. Their sense of efficiency, risk and competitiveness always wins them acclamation.
At present, Wenzhou takes another step in improving its government function and operation mechanism in enterprises. As a result, the mechanism of self-operation and shouldering profits and losses on their own has come into being in most of the enterprises. A multi-form, multi-channel, open, orderly, and competitive market under the macro control of government follows.
To standardize share-holding system to form a sound financial system and to perfect the law of air use of land are all on the agenda of Wenzhou government.