E China's Taizhou implements diversified measures to promote private economy

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A staff member assembles a machine tool at a production line of Taizhou Eastern CNC Technology Co., Ltd. in Wenling, Taizhou, east China's Zhejiang Province, Feb. 29, 2024. Private firms account for more than 99 percent of all enterprises in Taizhou, where the local authorities have continuously implemented diversified measures in recent years to promote high-quality development of the private economy.

In 2023 alone, the city recorded an industrial added value of 222.994 billion yuan (about 30.98 billion U.S. dollars), with new energy, high-tech and strategic emerging industries becoming the new propellers of its industrial development. (Xinhua/Weng Xinyang)