Breaking
RUThe operational command of the Polish Armed Forces announced a violation of airspace by a Russian aircraftINTLChinese President Xi Jinping Arrives in Washington for State Visit Amidst Security and Diplomatic TensionsTRMass CHP resignation from mayors in AnkaraITScrapping-quinquies: second installment due on 30 SeptemberUKHurricane Polo downgraded to category 4 off Mexico coastINTLFive Key Issues at the US-China SummitGLOBALDolly Parton's management company seeks restraining order against nephewAROil prices rose and Brent crude exceeded the $100 barrier amid global supply disruptionsTRStatement from AK Party Deputy Yusuf Beyazıt regarding the attack in ManisaTRCapital market investigation in Istanbul: 20 suspects were referred to the courthouseRUThe operational command of the Polish Armed Forces announced a violation of airspace by a Russian aircraftINTLChinese President Xi Jinping Arrives in Washington for State Visit Amidst Security and Diplomatic TensionsTRMass CHP resignation from mayors in AnkaraITScrapping-quinquies: second installment due on 30 SeptemberUKHurricane Polo downgraded to category 4 off Mexico coastINTLFive Key Issues at the US-China SummitGLOBALDolly Parton's management company seeks restraining order against nephewAROil prices rose and Brent crude exceeded the $100 barrier amid global supply disruptionsTRStatement from AK Party Deputy Yusuf Beyazıt regarding the attack in ManisaTRCapital market investigation in Istanbul: 20 suspects were referred to the courthouse
Back2026 Private Economic Innovation and Development Conference was held in Wenzhou: the triple ecology of rule of law, entrepreneurship, and AI promotes high-quality development
2026 Private Economic Innovation and Development Conference was held in Wenzhou: the triple ecology of rule of law, entrepreneurship, and AI promotes high-quality development
NEWS
中国新闻网1 hour agoBusiness8 min readChinaView original

2026 Private Economic Innovation and Development Conference was held in Wenzhou: the triple ecology of rule of law, entrepreneurship, and AI promotes high-quality development

Zhang Zhenfeng, Secretary of the Wenzhou Municipal Party Committee, proposed the "three good" invitations to build a new pattern of private economic development through the rule of law to stabilize expectations, entrepreneurship to strengthen momentum, and AI to win the future.

Quick Look

  • The 2026 Private Economic Innovation and Development Conference was held in Wenzhou, Zhejiang.
  • Wenzhou has optimized the business environment by creating a "triple ecology" of rule of law, entrepreneurship, and AI, promoting the transformation of the private economy from a traditional model to high-quality innovative development, and established the country's first municipal artificial intelligence bureau to accelerate the application of AI technology in the manufacturing industry.

AI-generated summary

Why It Matters

As an important birthplace of China's private economy, Wenzhou is responding to the challenges of upgrading traditional industries through legalization and digital transformation. The conference aims to reshape the competitiveness of the private economy by optimizing the business environment and introducing AI technology.

Font size

China News Service, Wenzhou, September 23 (Shao Yanfei, Zhang Yicong) In September, the 2026 Private Economic Innovation and Development Conference was held in Wenzhou City, Zhejiang Province. At the conference, Zhang Zhenfeng, member of the Standing Committee of the Zhejiang Provincial Party Committee and Secretary of the Wenzhou Municipal Party Committee, extended an invitation to merchants from all over the world with the "three good things" - "good" lies in the vast opportunities that combine the right time, location, and people, "good" lies in the urban environment that is suitable for living, working, studying, and traveling, and "good" lies in the first-class legal ecology, entrepreneurial ecology, and AI ecology.

These "three good" are the condensation of Wenzhou's development experience; the "triple ecology" of rule of law, entrepreneurship, and AI reveals Wenzhou's deep logic of attracting capital, retaining talents, and achieving private enterprises. From "three good" to "triple ecology", Wenzhou stabilizes expectations with the rule of law, strengthens momentum with entrepreneurship, and wins the future with AI, and is continuing to support the high-quality development of the private economy.

The ecology of the rule of law: from “policy preferences” to “institutional guarantees”

During the 2026 Private Economic Innovation and Development Conference, the guests visited the Wenzhou Enterprise Comprehensive Service Center for inspection. Some foreign entrepreneurs were quite surprised by the scene in front of them: there was no common counter window here, instead it was a one-stop service center. It is here that an average of more than 10,000 business-related issues are accepted and resolved every year, and the settlement rate and satisfaction rate are both above 96%.

The entrepreneur's accident reflects the quiet changes in Wenzhou's legal ecology. Changes are first reflected in a set of "subtraction" data: in 2025, the total number of enterprise-related administrative inspections in Wenzhou decreased by 47.06% year-on-year, reducing corporate interference to 23,000 households; the implementation rate of enterprise-related "comprehensive inspections" increased by nearly 45% year-on-year; inspection items were reduced by 11.5% year-on-year, and the bright code rate exceeded 99.9%. Between a decrease and an increase, business interference is reduced and supervision efficiency becomes higher.

In addition to data, the company's feelings are more direct. In Pingyang, Mr. Li, the person in charge of an enterprise, said: "In the past, we were most afraid of inspections, and we would be fined at every turn. Now we can make appointments for law enforcement officers to come to provide guidance and services, which makes us feel warm in our hearts." The difference between "fear of coming to your door" to "please come to your door" is a reversal of the logic of the rule of law.

In recent years, Wenzhou has innovatively created a new three-in-one administrative guidance system of "appointment-based, diagnostic and treatment-based, and empowerment-based", sorting out and forming a list of 137 scenario-based services in 18 key industries such as pumps, valves, and glasses, involving 22 departments, to achieve "enterprises ordering, and departments receiving orders." A total of 2,448 guidance services have been carried out, and 2,715 corporate problems have been solved. In 2026, the "Top Ten Practical Projects for Enterprises" will be included in the "Chief Legal Manager" system for the first time, and we will resolutely correct issues such as illegal, off-site law enforcement and profit-seeking law enforcement.

The protection of the rule of law also extends to AI. Wenzhou has built an artificial intelligence OPC compliance guidance system of "one general guideline + multiple special guidelines" and has become the first city in Zhejiang to form a systematic legal guarantee framework for AI entrepreneurship.

The "Compliance Guidelines for Artificial Intelligence Generated Content" set out compliance requirements around copyright, portrait rights, data export, content review, and trade secret protection, so that AI entrepreneurs have a clear idea of ​​"what can and cannot be done." The significance of the rule of law is not to "control enterprises", but to allow enterprises to have a stable and predictable operating environment. Only when an enterprise can settle its accounts for tomorrow can it dare to invest today's money.

Entrepreneurial Ecology: How “Wen Business Pilot” Activates “Chain Reaction”

Whether Wenzhou is good or not, Wenzhou people know best. Since the beginning of this year, more than 10 meetings have been held at Wenzhou and county (city, district) levels around the "return of Wenzhou businessmen." At the 2026 Swiss Business Conference, more than 500 Swiss businessmen at home and abroad participated, and 20 projects were signed on-site, with a total investment of more than 20 billion yuan. “The desire to return to my hometown for development has never changed.” Zeng Buhui, a representative of Ruishang Business, returned to Ruian with the “Cloud Innovation Return to Valley” project with a total investment of about 1.4 billion yuan, and planned to use 120 acres of industrial base to help the development of his hometown.

Under the call of nostalgia, returning is not a "gust of wind", but continuous rooting. Taking Qiao Luming Technology as an example, the company responded to the call of "Return of Wenzhou Businessmen" and moved back to Ruian for development as a whole, focusing on the field of automotive accessories. At present, the company has become a link in the supply chain from new forces to leading car companies. In the past five years, its revenue has increased nearly 4 times and net profit has increased 7 times. It has won more than ten national and provincial honors such as the National Green Factory.

In Shangyanshang, nostalgia is the entrance to "return", and property is the "return". Wenzhou Business has strong capital strength, but has been concentrated in traditional industries for a long time. Facing the wave of technological innovation, there are common pain points of "unexpected, unable to find, incomprehensible, and unavailable" high-quality projects. To this end, the National Wenzhou Chamber of Commerce Industry and Finance Empowerment Platform came into being and is positioned as a "disseminator of new quality Wenzhou business concepts, an integrator of high-quality ecological resources, and a promoter of high-end industrial transactions." It has signed contracts with a number of strategic partners in batches, linked multiple capital carriers, and built a Wenzhou business science and technology innovation capital pool.

The value of this mechanism is that it not only allows yesterday’s nostalgia to have a home, but also allows today’s capital to have a way out, and it also allows tomorrow’s Wenzhou businessmen to have technology, killing three birds with one stone. It transforms emotional ties into industrial ties, transforms Wenzhou business networks into innovation networks, and transforms capital advantages into new productive forces.

From "return of Wenzhou businessmen" to "businessmen from all over the world", Wenzhou's entrepreneurial ecosystem is expanding. Reform achievements such as the “One Thing” for investment promotion are also open to all investors in Vancouver. It means "going home" to Wenzhou businessmen and "settling down" to foreign investors. From nostalgia guiding the way to industrial talent retention, from capital return to ecological co-construction, Wenzhou is using a more open mind and a more complete mechanism to allow all types of business entities to take root and grow in this hot land for a win-win future.

AI Ecology: The Confidence of “Seeing Innovative China in Wenzhou”

Nowadays, Wenzhou’s “dare to be the first in the world” has a new footnote. As various places compete for the parameter scale of large AI models, Wenzhou chooses a differentiated path - not "whose model is bigger", but "whose model understands the workshop better".

Entering private enterprises in Wenzhou, AI implementation scenarios have become a trend. Yueqing Tianzheng Electric and the Zhejiang University of Technology Intelligent Research Institute jointly built a laboratory to develop the country's first large-scale AI model for the electrical industry, "Tianzheng Zhihan", to quickly generate compliant power distribution plans for engineers; Yongjia Olam Valve Technology introduced AI foreign trade assistants to accurately target global merchants and win million-yuan orders; Huilima's shoe AI design platform relies on large-scale model training with hundreds of millions of pictures to generate design drafts in the fastest 10 seconds, and has been linked to 39 industry smart factories. In Wenzhou, AI is not a "sky garden" but "down to earth".

This stems from systematic scene sorting and policy guidance. Wenzhou focuses on 11 key manufacturing industries, including smart electrical, industrial pumps and valves, fashion shoes and apparel, and auto parts, and sorted out 111 standardized AI application scenarios, covering key chains such as product research and development, intelligent manufacturing, and equipment operation and maintenance, allowing AI to "go to the workshop." Large AI models also need “translators” to enter the workshop. Wenzhou has innovatively launched the "AI Industry Translator" mechanism and plans to cultivate 500 professionals who understand both industry processes and AI technology to go deep into the front lines of the workshop to build a bridge for the "AI+ industry".

From scenes to ecology, the layout goes further. Wenzhou is the first prefecture-level city in the country to establish a municipal-level artificial intelligence bureau, anchoring the dual goals of "pioneer city in artificial intelligence innovation and development" and "first city in AI demonstration and application". At the policy level, "computing power coupons", "model coupons" and "corpus coupons" are implemented to reduce the burden on enterprises and encourage AI technology to take root in production scenarios. Wang Zhenyong, deputy mayor of Wenzhou City, introduced that Wenzhou will rely on China (Wenzhou) Digital Security Port's first-mover advantage to create massive safe and compliant high-quality data sets and industry corpora, and build a "1+N" computing power center cluster based on local green energy advantages.

The 2026 Private Economic Innovation and Development Conference has come to an end, but the question is still echoing: How far can private economic innovation go?

Wenzhou’s answer: It depends on whether the basic research is deep or not, whether the future industrial layout is fast or not, and whether the industrial ecology is well established.

From "Dare to be the first in the world" to "Innovation is the only way to start a business", Wenzhou's story is becoming a key footnote for the high-quality development of China's private economy.

What to Watch

AI outlook — possibilities, not facts

  • Wenzhou will cultivate 500 professional translator talents in the AI ​​industry.

    Likely · Within months

Open Questions

  • What is the actual progress of the AI ​​industry translator talent training plan?
  • The construction period and scale expectations of the Wenzhou computing power center cluster.

Related Topics

This article was originally published by 中国新闻网.

Related Stories

China National Petroleum Corporation clarified: the long-term gas purchase is not a one-time expenditure, and the main reason for the loss is to absorb costs and stabilize prices.
Business·

China National Petroleum Corporation clarified: the long-term gas purchase is not a one-time expenditure, and the main reason for the loss is to absorb costs and stabilize prices.

In response to media reports that PetroChina suffered losses due to long-term gas purchase contracts, PetroChina clarified today (23rd) that the gas purchase contracts were paid in installments over years and were not a one-time expenditure. The main reason for the loss is to absorb costs in order to stabilize domestic oil and gas prices, and the procurement strategy is to diversify risks and not rely solely on the United States.

自由时报
2 min read
The People's Bank of China launched an 800 billion yuan MLF operation, with a net investment scale of 200 billion yuan
Business·

The People's Bank of China launched an 800 billion yuan MLF operation, with a net investment scale of 200 billion yuan

The People's Bank of China announced that it will launch an 800 billion yuan one-year MLF operation on September 24. Excluding the 600 billion yuan due this month, a net injection of 200 billion yuan was achieved, which was the third consecutive month of net injection, aiming to support the issuance of government bonds and maintain sufficient market liquidity.

中国新闻网
1 min read
Geopolitics and tariff pressure: India’s Andhra Pradesh shrimp industry faces existential challenges
Developing·

Geopolitics and tariff pressure: India’s Andhra Pradesh shrimp industry faces existential challenges

The Indian shrimp industry in Andhra Pradesh has been affected by US tariff policies, rising feed prices and market competition, and its exports have been hit hard. Although the tariff burden was once eased, the U.S. Department of Commerce recently imposed anti-dumping duties again, coupled with geopolitical uncertainty, putting hundreds of thousands of local farmers under severe pressure to survive.

自由时报
4 min read
Ministry of Economic Affairs: Wholesale industry revenue reached a record high of 1.85 trillion yuan in August, and challenges exceeded 2 trillion yuan in September
Business·

Ministry of Economic Affairs: Wholesale industry revenue reached a record high of 1.85 trillion yuan in August, and challenges exceeded 2 trillion yuan in September

The Statistics Department of the Ministry of Economic Affairs released August domestic demand industry data. The wholesale industry revenue reached 1.8501 billion yuan, a record high, with an annual increase of 65.4%. The retail and catering industries also showed growth, with annual increases of 6.5% and 1.8% respectively. The Census and Statistics Department estimates that wholesale industry revenue in September is expected to challenge the 2 trillion yuan mark.

自由时报
2 min read
More on this topicWenzhou