Zhejiang Province is making a strong push to join the "10 trillion yuan GDP club," with future industries such as artificial intelligence becoming key drivers of its economic expansion. According to the latest statistics, Zhejiang's regional GDP reached 9.4545 trillion yuan in 2025, securing the fourth position nationally and showing robust growth momentum.

The province's artificial intelligence core industry achieved approximately 680 billion yuan in revenue in 2025, representing a year-on-year increase of over 20%. Leading general-purpose models like Alibaba's Tongyi Qianwen and DeepSeek have gained global recognition, while innovative companies including Yushu Technology and Yun Shenchu Technology have emerged as notable players in the sector.

An analysis of Zhejiang's economic performance reveals two primary factors behind its success. First, new quality productive forces are flourishing, particularly through the accelerated development of AI innovation hubs that promote economic transformation and high-quality development. Second, the vibrant private economy has accumulated intrinsic energy for innovation and openness, serving as a source of resilience and vitality for the province's sustained growth.

The provincial economy has demonstrated remarkable progression by consecutively surpassing the 7 trillion, 8 trillion, and 9 trillion yuan thresholds during the 14th Five-Year Plan period, maintaining an average annual growth rate of about 5.9%. Wenzhou's official entry into the "trillion-yuan GDP club" in 2025 with a GDP of 1.02139 trillion yuan made it the third city in Zhejiang after Hangzhou and Ningbo to achieve this milestone.

Industrial development in Zhejiang presents a coordinated pattern across primary, secondary, and tertiary sectors. The service sector contributed 61.3% to GDP growth, while value-added industrial output from major enterprises increased by 6.9% in 2025, outperforming the national average by one percentage point and playing a stabilizing role in the economy.

Different cities within Zhejiang have developed distinctive economic characteristics. Hangzhou has gained recognition for innovation and technology, while Ningbo excels in manufacturing and port operations. Wenzhou, Taizhou, and Jinhua have leveraged their dynamic private economies to drive growth.

Notably, per capita disposable income for all residents in Zhejiang exceeded 70,000 yuan for the first time in 2025, reaching 70,240 yuan with a nominal increase of 4.8% year-on-year. The urban-rural income ratio narrowed to 1.81, reflecting progress toward common prosperity.

Future industries are emerging as new growth drivers. Companies like Ningbo Joyson Electronic Corp. have upgraded their strategies to "automotive + robotics Tier 1," establishing comprehensive robotics component solutions and forming strategic partnerships with robotics companies and ecosystem partners.

The provincial government's "Artificial Intelligence Terminal Industry Development Action Plan" sets ambitious targets for 2027, including exceeding 500 billion yuan in revenue for AI terminal enterprises, mastering 50 key core technologies, and achieving an AI terminal penetration rate of over 70% in industrial enterprises.

While making significant strides, Zhejiang faces challenges compared to neighboring economic powerhouses like Jiangsu and Shandong provinces, particularly regarding its industrial foundation. The province's development strategy emphasizes cultivating emerging and future industries, with a target for strategic emerging industries to account for about 35% of industrial value-added output. Specific focus areas include humanoid robots, brain-computer interfaces, and brain-like intelligence.

The province's development plan for the 15th Five-Year Plan period outlines the "415X" advanced manufacturing cluster cultivation project, which aims to consolidate traditional industries while fostering new growth areas such as integrated circuits, new energy vehicles, and biopharmaceuticals. The strategy also includes forward-looking布局 in future sectors including humanoid robots, biological manufacturing, clean hydrogen, and commercial aviation.

Experts suggest that Zhejiang should continue leveraging its advantages in new quality productive forces like artificial intelligence to create radiation effects and play a more significant role in regional integration strategies. Simultaneously, developing modern services, particularly producer services, will provide innovation momentum for manufacturing advancement and sustain the province's dynamic growth.