East China
Doing Business in Wenzhou
China's private enterprise capital - a grassroots manufacturing powerhouse (footwear, eyewear, low-voltage electrical) with a global diaspora network and strong entrepreneurial culture.
Why Wenzhou?
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China's private enterprise capital
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Strong manufacturing (footwear, eyewear, electrical)
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Global Wenzhou merchant diaspora network
Key Industries
FootwearEyewearLow-voltage ElectricalManufacturing
GDP
0.86 trillion RMB
FDI
0.5 billion USD
Setup time
30-45 days
Pros & Cons
✓ Advantages
- •Strong entrepreneurial culture
- •Global diaspora network
- •Manufacturing expertise
✗ Challenges
- •Lower FDI historically
- •Informal business culture
- •Geographic isolation (mountains)