Yudong's progress is in line with Zhejiang's road to common prosperity, with the province, one of the country's most developed, designated as a demonstration zone of balanced, shared growth for the next major stages in national development.

The province aims to achieve common prosperity by 2035, with its per capita gross domestic product and the income of urban and rural residents reaching developed countries' standards.

In August, a meeting of the Central Committee for Financial and Economic Affairs, which was chaired by President Xi Jinping, who is also general secretary of the Communist Party of China Central Committee, outlined steps to promote common prosperity through high-quality growth, calling for a phased approach to reach the target.

The road to common prosperity is expected to be comprehensive and long-term, and pursued in a gradual and progressive manner, with suitable areas offering replicable practices and models.

As a key indicator of balanced development, Zhejiang's income ratio between its urban and rural residents fell to 1.96:1 last year, markedly lower than the national level, according to provincial authorities.