The rise of household enterprises (including a small number of large households hiring labourers, i.e. privately‐run enterprises) and the formation of the regional market have caused the Wenzhou economy to manifest its seldom‐seen vitality, and have also brought about the broadened differences in people′s incomes. It is just such phenomena that have given rise to wide interest and heated arguments about the question whether or not the economy in Wenzhou has advanced towards “privatisation”, “marketisation” or “polarisation”. For this reason, the author of this research report makes an in‐depth theoretical analysis on the basis of his on‐the‐spot investigation.
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