Ruian Economy is typical private economy characterized with obvious regional economy. It's one of regions with most developed market economy and greatest extent in privatization in the country. The market mechanism is excellent,private economy is highly developed. Six leading industries have come into being which includes industries such as car & motorcycle parts,machinery&electronic,plastic products,shoes,refined chemical,textile&garments. There're quite a lot of well-reputed products at home and abroad, among which 19 kinds of products have 50% share of domestic market in China. Ruian is the national production base for car & motorcycle parts,plastic membrane,printing,packaging and pharmaceutical machines,refined chemical products. The advantage in industy scale and industry completeness has come into being. There're 24572 industrial enterprises with total volume amounting to 31.86billion RMB Yuan, amomg which 99% is private enterprises. In the city, there're 9 no-region-limit enterprises,14 group enterprises,18 joint-stock enterprises.There're 17 enterprises with annual output exceeding 100 millions RMB,40 enterprises between 50 millions and 100 millions,110 enterprises between 20 million and 50 millions. Nowadays the largest agricultural demonstration park is under construction, it's coming into shape as concentrated and effecient modern agriculture. The industrial economy development is in a crucial moment of structural reajustion,combining the strategic goals of Zhejiang province and Wenzhou city to be an internatonal manufacturing base and light industry city. It is striving to emerge with the Shanghai-led economic region and takes initiative to meet planning requirements by Wenzhou city so as to speed up the growth of private economy and modify the traditional industries.
Entering the new century,Ruian is still carrying out the strategy of "going overseas,engaging in international market". The opening economy is speeding up,the extent of globlization is elevating. In the recent 5 years, the export increased by 42% every year, the leading export products include car&motorcycle parts,machinery and electric appliances,hardware tools,textile&garments,light industry products,cereals,oils&foodstuff,chemical products,arts and crafts.