From Family Workshops to Global Giants: The Wenzhou Model Shakes Up Trade Wars
While US tariffs rattle global supply chains, a buzzing Chinese city is rewriting the rulebook. Meet Wenzhou – the entrepreneurial powerhouse turning trade barriers into springboards for growth. 🌱➡️🚀
Adversity? More Like Opportunity
Nestled in Zhejiang province, Wenzhou’s factories hum with a generational secret: vertically-integrated clusters producing everything from futuristic solar panels to TikTok-famous sneakers. When great-grandparents started small workshops during China’s reform era, they planted seeds now blooming into tariff-proof strategies. 🛠️👓
The ‘Phoenix’ Strategy
Here’s the tea: Wenzhou’s family-run businesses control entire supply chains – from raw materials to retail. When tariffs hit one product line, they pivot faster than a K-pop dance routine. New energy equipment? Check. Auto parts? Done. Gen-Z CEOs are now blending AI with grandpa’s hustle to dominate global niches. 💡🤖
Why Global Entrepreneurs Are Taking Notes
Wenzhou’s playbook isn’t about beating tariffs – it’s about out-innovating them. With 40+ years of reinvention DNA, this city proves that tight-knit networks and vertical integration can turn trade wars into victory laps. 🌍✨
Reference(s):
Cradle of China's private economy offers blueprint to beat US tariffs
cgtn.com