# Zhejiang
Latest news and articles about Zhejiang
Total: 4 articles found
China Opens AI + Virtual-Production Lab to Build a Domestic Film-Tech Stack
China has launched an AI and virtual-production laboratory in Zhejiang to domesticise key film technologies, incubate pilot projects and set industry standards. The effort reflects a broader push for technological self-reliance and could lower costs, reshape labour in the film sector and create export opportunities, while raising governance and ethical challenges.
Zhejiang Builds an Offline Hub for China’s Largest Open‑Source AI Community — A Bet on Industrial AI
Zhejiang has opened a 10,000+ sqm developer centre in Hangzhou as the offline anchor for Moda, China’s largest open‑source AI community. Backed by Alibaba Cloud Valley and local government, the centre offers cheap co‑working, technical support for model deployment and a curated pipeline of industry pilot opportunities to accelerate industrial adoption of AI.
Wenzhou Cracks the Trillion-Yuan Mark, Underscoring Rise of Non-Capital Industrial Cities in China
Wenzhou surpassed one trillion yuan in GDP in 2025, becoming the 28th Chinese city and the tenth ordinary prefecture-level city to reach that scale. The milestone underscores the growing economic clout of privately driven, industrial prefecture-level cities even as demographic limits and a shift toward multi-trillion targets complicate the next stage of urban competition.
China’s Households Save More, Borrow Less: Big Provincial Deposits Rise Masks Weak Consumption
Provincial 2025 banking data show household deposits climbing rapidly across several provinces while household short-term loans shrink, signalling greater risk aversion and subdued consumption. Corporate lending, by contrast, expanded robustly, driven by policy support and firms’ financing needs, leaving regulators with the task of converting high savings into stronger domestic demand.