Zhejiang enterprises buck downward trend
China Dailyezhejiang.gov.cn| Updated :2021-08-19 An aerial view of the Taihu Lake scenic area in Huzhou, Zhejiang province. CHINA DAILY In 2020, enterprises in East China's Zhejiang province saw their total assets and operating revenues grow 10.6 percent and 9.8 percent year-on-year respectively despite the COVID-19 pandemic, according to the latest statistics released by the Zhejiang Administration for Market Regulation. As much as 10.5 percent of enterprises in the sectors of agriculture, forestry, animal husbandry, and fishery ceased to function in 2020, the highest non-operating rate among all industrial sectors. Total assets of financial-sector foreign companies reached 2.9 trillion yuan, while total operating revenues of foreign manufacturers stood at 1.4 trillion yuan that year. Their combined assets grew 11.9 percent year-on-year to 11.5 trillion yuan, while their combined net profits surged 27.6 percent to 403.33 billion yuan.