[Photo provided to chinadaily.com.cn]

Despite facing a complex and challenging external environment, Zhejiang achieved its main socioeconomic development targets in 2024, with the province's GDP growing by approximately 5.5 percent.

By 2027, the province will work toward a target GDP of 12 trillion yuan, with its per capita GDP reaching 170,000 yuan and per capita disposable income reaching 85,000 yuan.

In particular, per capita disposable income of rural residents is expected to reach 55,000 yuan, and the income ratio between urban and rural residents is expected to further narrow, dropping to lower than 1.9.