# Zhejiang

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.

SoBiz2026年1月21日 07:20

#Wenzhou#China#GDP

Close-up of a woman in a striped dress holding a pink piggy bank, symbolizing savings and financial planning.

Business

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.

SoBiz2026年1月20日 04:50

#China#household savings#deposits

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