Startup Commentary”Forty Years of the Wenzhou Model”
The forty years of the Wenzhou Model is a cyclic history of “release of market vitality – disordered trial and error – policy guidance – transformation and rebirth”. Its core inspiration is that the prosperity of the private economy requires respect for the profit – seeking nature of human beings, and more importantly, institutional tolerance and guidance for the market; for entrepreneurs to succeed, they need to maintain the courage to be the first in the world and also adhere to the original intention of “real economy as the foundation”.