Introduction

Since the reform and opening-up in the late 1970s, Wenzhou City of China’s Zhejiang Province has witnessed large-scale institutional change and rapid economic development. This book studies the institutional change and economic development in Wenzhou since China’s reform and opening-up.

The Wenzhou Model

It concludes that the most important characteristic of the Wenzhou model is that the city is the first to promote industrialization and urbanization by privatization and marketization in Zhejiang. As privatization and marketization reflect reform, and industrialization and urbanization represent development, Wenzhou model promotes development through economic reform.

Historical Context

In the early years of the reform and opening-up, the people of Wenzhou boldly faced the constraints of traditional planned economy, bravely explored the market-oriented reform and opened up a new path to regional economic development.

Stories of Wenzhou

This book also contains the stories of the people of Wenzhou.