Jan. 3, 2012 (China Knowledge) - Zhejiang
Province in East China expects its gross domestic product to grow more than 9% year on year to RMB 3.18 trillion in 2011, said the local government at a meeting last Friday.
The province's GDP per capita is estimated to be more than RMB 58,000 or US$9,000 in 2011.
The per-capita disposable income of urban residents rose 7% year on year to RMB 30,900 in the year, while the per-capita net income of rural residents grew 9% year on year to RMB 12,900.
In the first three quarters of 2011, Zhejiang
's GDP expanded 9.5% year on year, slowing from a 9.9% growth in the same period of the previous year.Zhejiang
is known for its booming private businesses, which contributed more than 70% of its GDP and more than 90% of its new jobs.