Zhej iang has explored a unique way of rapid and sound development in building a socialist market economy．Zhejiang takes the lead in the country in terms of major economic indicators．In 2006，the GDP of the province totaled ￥1，564．9 billion．an increase of 13．6％over the previous year．The percapita GDP reached ￥31，684(equal to US$3，975)．The average disposable income of urban residents and the net income of rural dwellers amounted to ￥18，265 and ￥7，335 respectively，up by 10．9％and 9．3％over the previous year．The total fiscal revenue increased 21．4％over the previous year．reaching ￥256．75 billion (equal to U．S$32．2 1 billion)．The retail sales of consumer goods in the province totaled ￥532．5 billion．up by 14．1％after allowing for price factors．Zhejiang is one of the provinces in China that have witnessed the fastest and most dynamic economic growth．
As a pillar industry of the province
，the light industry mainly consists of well—developed manufacturing and processing sectors． The ratio of the added ＆#118alue of the primary，secondary and tertiary industries in the province was adjusted from 6．6：53．4：40 in 2005 to5．9：53．9：40．2 in 2006.
Zhejiang maintains a rapid growth in foreign trade．In 2006，the total export and import of the province stood at US$139．15 billion．a rise of29．6％over the previous year．Export alone totaled US$1 00．9 billion．up by 3 1．4％．Direct foreign investment in contracts and in actual use in Zhejiang reachedUS$19．1 billion andUS$8．89 billion respectively．up by 18．5％and 15．1％over the previous year．The overseas investment by businesses from the province totaled US$390 million，a rise of 99．6％，setting up 2，470 businesses and organizations abroad．The number of entities which have directly invested overseas accounts for 23％of the nation’S total．ranking the 1stamong all the provinces．
Zhejiang has a booming private economic sector developing in full-fledge．Zhej iang has the biggest private economic sector in Mainland China which contributes to 70％of the province’S total economic volume．
The railway system in Zhejiang．with Hangzhou as the hub．runs as long as 1，265 kilometers．The high-grade highways stretch 5，793 kilometers in length．among which 2．382 kilometers are expressways．There are 4 main port clusters known as Ningbo-Zhoushan，Wenzhou，Haimen and Zhapu，with 8 1 1 O，000-tonnage-or-above berths．The annual handling capacity of those ports reached 5 1 0 million tons of cargo and 7．52 million TEU of containers．Hangzhou Xiaoshan International Airport and other 6 airports in the province are capable of handling 16．889 million passengers annually．
