Pei Changhong: people, the basic cause of development of Zhejiang

Pei Changhong, Director of Institute of Finance & Trading of China Academy of Social Science, Tutor of doctoral students, former vice-mayor of Hangzhou

"The vigor of economy of Zhejiang is based on vigor of Zhejiang Natives." According to Mr. Pei, the success of Zhejiang is due to the success of Zhejiang natives, rather than economy.

Mr. Pei used to be vice-mayor of Hangzhou for two years, and "I have made 94 investigations to the enterprises." said Pei.

Being lack of resources, how can Zhejiang create its "Miracle" within 20 years? "There are many steel structures enterprises in Xiaoshan District of Hangzhou; traditionally, this phenomenom is often looked on as unreasonable. However, infact, the steel structure industry is very prosperous in Xiaoshan. In my opinion, it is due to the open and creative spirit of Zhejiang." said Pei.

Finally, Mr. Pei has also given an suggestions to the manufacturing enterprises in Zhejiang. "Moreover, the enterprises of high resources consumptions should change their modes of operation from being extensive to being intensive. There is a long path in front of the development of economy of Zhejiang." said him.

Source: Zhejiang Online