Jiaxing and Economic Trends

Jiaxing is a prefecture-level city of Zhejiang Province in East China. Lying on the Grand Canal of China, it borders Hangzhou to the southwest, Huzhou to the west, Shanghai to the northeast, and the of Jiangsu Province to the north. With a population of 5 million and an area of 4,008 square kilometers, it has jurisdiction over two districts, three county-level cities and two counties.

Thanks to a well-developed infrastructure network, the city is interconnected to the Yangtze River Delta region.Also known as the "hometown of silk", Jiaxing is a famous producer of fabrics and wool. It is one of the world's largest exporters of leather goods, and it is a famous producer of fabrics and wool. Other main industries are mechanical, chemical and electronic.

In 2021, the GDP reached 635 billion RMB, up 8.5% compared to 2020, while the GDP per capita amounted to 70,000 RMB. The total value of Jiaxing’s international trade reached 378 billion RMB in 2021, with the exports amounting to 280 billion RMB and the total value of imports to 98 billion RMB.

The Chinese City Tier System consists of a system of tiers used by analysts to classify Chinese cities and rank them in a hierarchy. Cities in different tiers reflect differences in consumer behaviour, income level, population size, consumer sophistication, infrastructure, talent pool, and business opportunity.