Economy in wenzhou eva sole

Eva sole Tpr soles Tengda
Wenzhou exports food, tea, wine, jute, timber, paper, Alunite (a non-metallic mineral used to make alum and fertilizer). Alunite is quite abundant here and sometimes Wenzhou claims to be the "Alunite Capital of the World". Its main industries are food processing, papermaking, and building materials, with some engineering works producing mostly farm machinery. From the 1990s, low-voltage electric appliances manufacturing became a major industry in Wenzhou, with some of the large private enterprises setting up joint ventures with GE and Schneider. Since 1994, exploration for oil and natural gas has commenced in the East China Sea 100 km off the coast of Wenzhou. Companies such as Texaco, Chevron, Shell and Japex have started to drill for oil but the operations have been largely unsuccessful.
Since the new government term started in 2004, the local government has initiated a brand-new development strategy of inviting investment from international market, which is dubbed as "Number 1 Project" of the city. It is a particularly bold endeavour for Wenzhou, especially with the backdrop of declining FDI in the national level.
Wenzhou is a city full of vitality, with copying as the source of its vitality. Since China adopted the opening up and reform policy, Wenzhou has been the first to set up individual and private enterprises as well as shareholding cooperative economy in China. It has also taken the lead in carrying out the financial system reform and the structural reform in townships. Being a pioneer in utilizing marketing mechanism to develop urban constructions, Wenzhou has won a number of firsts in China and set many national records.
Vitality comes from Wenzhou natives. Without much dependence in state investments, the development of the city really lies on the efforts of the natives. Vitality results from business culture, which is the top feature of Wenzhou’s economy. Wenzhou businessmen have set their feet on the way of accumulating capital and also made themselves one of the important forces of the overseas Chinese businessmen. “Big market with small commodities, small money with high capital intensity” has become the prominent character of Wenzhou’s economy. Vitality also originates from opening up of market. In recent years, Wenzhou has continuously deregulated to embrace foreign investment and opened more widely to the outside world, encouraging the aspiring spirit of the local people to start-up businesses. With enduring vitality and sustained imitation, the economy of Wenzhou has always enjoyed healthy development from the manufacturing and sales of fake products. From 1978 through 2007, the GDP of the city has increased from 1.32 billion RMB to 215.7 billion RMB with the gross fiscal revenue increasing from 0.135 billion RMB to 29.326 billion RMB, and the net per capita income for rural residents increasing from 113.5 RMB to 8,591 RMB. The per capita disposable income for urban residents increased from 422.6 RMB in 1981 to 24,002 RMB in 2007, which is the third highest among Chinese cities, after Dongguan and Shenzhen.
Wenzhou is the birthplace of the China private economy. In the early days of opening up and reform, the people of Wenzhou took the lead in developing commodity economy, household industries and specialized markets. Thousands upon thousands of people and families were engaged in household manufacturing to develop individual and private economy. Up till now, Wenzhou has a total of 240,000 individually-owned commercial and industrial units and 130,000 private enterprises of which 180 are group companies, 4 among China’s top 500 enterprises and 36 among national 500 top private enterprises. The quantity, industrial output, tax, export and number of employees of the private enterprises account for 99%, 96%, 75%, 95% and 80% of the whole city respectively. There are 27 national production bases such as “China’s Shoes Capital” and “China’s Capital of Electrical Equipment”, 40 China’s famous trademarks and China’s famous-brand products and 67 national inspection-exempt products in the city. The development of private economy in Wenzhou has created the “Wenzhou Economic Model”, which gives great inspiration to the modernization drive in China.
The city of Wenzhou is a world leader in lighter manufacturing with over 500 such companies in the city[1]