As global manufacturers navigate the choppy waters induced by fluctuating US tariffs, Wenzhou, a dynamic entrepreneurial hub in China’s Zhejiang Province, stands out as a beacon of resilience. Known for its legacy of private and family-run manufacturing, Wenzhou exemplifies the idea that challenges can be transformed into opportunities. The ‘Wenzhou model’ embodies a proactive mindset that may inspire businesses worldwide to combat trade adversities.
Wenzhou houses a diverse array of vertically-integrated manufacturing sectors, including eyewear, footwear, electrical products, and automotive components. Many of these companies have their roots in China’s reforms of the late 1970s, evolving from small operations to significant industry leaders, often run by the next generation of entrepreneurs.
One such company, Zhejiang Bridgold Copper Tech Co. Ltd, excels in producing copper wire and has achieved a global market share of approximately 20%. Its third-generation leader, Shi Wen, highlights how they maintain strong ties with European clients, particularly within the electric vehicle sector. While tariffs impact their supply chain indirectly, Bridgold is exploring potential markets in Asia as part of their growth strategy, demonstrating their agility in the face of challenges.
Similarly, Zhejiang Tongda Optical Co. Ltd reflects the spirit of innovation and adaptability, manufacturing eyewear in an environment designed to impress clients. Both companies illustrate Wenzhou’s thriving industrial ecosystem and its capacity to balance local traditions with global market demands.
Source: news.cgtn.com
