Private enterprises in Zhejiang, with a focus on the industrial economy and digital economy, have striven to further develop the manufacturing industry in recent years.

The number of registered private enterprises and self-employed households in the province reached 3.08 million and 6.04 million respectively in 2022. In the list of China's top 500 private companies, the total number of enterprises in Zhejiang has ranked the first in the country for 24 consecutive years.

In 2022, the added value of private enterprises in Zhejiang reached 1,538.5 billion yuan (about 223.5 billion U.S. dollars), with an increase of 5.2 percent over the previous year. Private investment increased by 4.7 percent, accounting for 56.4 percent of total fixed asset investment. Imports and exports by private enterprises increased by 16.9 percent, accounting for 78.3 percent of the province.