Zhejiang Releases 2024/2025 Foreign Business Environment Evaluation Report

On August 4, Hangzhou hosted a thematic seminar and think tank exchange event for the Assessment Report on the Foreign Business Environment in Zhejiang Province 2024/2025.

Scene from the exchange event

Over the past year, the China Council for the Promotion of International Trade Zhejiang Provincial Committee (CCPIT Zhejiang) conducted on-site surveys of 1,599 foreign-funded enterprises across the province, held 158 symposiums, collected 378 specific pieces of feedback, and distributed questionnaires to over 10,000 foreign enterprises. Based on this comprehensive data, the report evaluates the current status, challenges, and development prospects of Zhejiang’s foreign business environment.

Assessment Report on the Foreign Business Environment in Zhejiang Province 2024/2025

Key findings from the report reveal that the overall satisfaction rate with Zhejiang's foreign-related business environment reached 96.09%. Profits continued to grow steadily, with 87% of surveyed enterprises reporting investment returns that either increased or remained stable in 2024. Most enterprises expressed optimism regarding returns over the next five years.

As Zhejiang accelerates its high-level opening-up efforts to become a stronger hub of international engagement, the report shows that the province outperforms others in 6 key cost indicators. Additionally, 5 service indicators received satisfaction ratings above 94%, with government services rated the highest. Operational efficiency also received strong recognition, with 93% of enterprises praising the prompt responsiveness of government departments.

A representative from CCPIT Zhejiang remarked, “Zhejiang continues to amplify its magnetic pull for global engagement. We hope this report will help international enterprises better understand China and choose to invest in Zhejiang.”

During the discussion session, representatives from universities, think tanks, local commerce departments, and foreign-invested enterprises delivered thematic speeches on optimizing and evaluating the foreign business environment.

Co-organized by CCPIT Zhejiang and the Zhejiang International Communication Center, the event also marked the launch of the “Zhejiang Global Enterprise Tour” research initiative. Foreign influencers based in Zhejiang will visit local foreign-invested companies and share stories that highlight the province’s economic vitality and resilience with global audiences.