Taizhou and Economic Trends
Taizhou is a prefecture-level city located in the middle of Zhejiang province. The city has 651 kilometers of coastline dotted with numerous islands, the largest one being Yuhuan Island. With a population of 7 million and an area of 9,411 square kilometers, it has jurisdiction over 3 districts, 3 county-level cities and 3 counties.
Thanks to a thriving commercial and trade market, favorable investment environment, continuously improved transportation infrastructure, and efficient services to attract and serve investors provided by the government, Taizhou has become a hotspot for investors at home and abroad to invest in Yangtze River Delta region. In addition, a solid industrial foundation, rich land resources and competitive operation cost make the investment advantage in the city one of the most attractive in Yangtze River Delta region. Its core industries are Healthcare, Mechanical and electrical equipment, and Energy and Resources Recycling.
In 2021, the GDP reached 579 billion RMB, up 9.9% compared to the previous year, while the GDP per capita amounted to 68,000 RMB. The total value of Taizhou’s international trade reached 239 billion RMB in 2021, with the exports amounting to 220 billion RMB and the total value of imports to 20 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.