Taizhou is one of the birthplaces of China's private economy in the early days of
reform and opening up and is considered to the cradle of private enterprise in China. The term "
Taizhou Model" refers to the city's economic development model induced by private sector initiatives along with local-government support. It is the 4th most populous, and the 4th largest industrial
prefecture-level city in
Zhejiang Province . Chinese automotive manufacturing company
Geely was founded in Taizhou, which completed its acquisition of
Volvo Cars in 2010. It is one of China's top ten automotive manufacturers. Chinese auto parts manufacturer based
Yuhuan a major auto parts manufacturer is also based in Taizhou. The largest HVAC fan company
Yilida is also located in Taizhou. It is listed on Shenzhen Stock Exchange (Stock #002686) and had acquired Fulihua fan company in Suzhou in 2012. Taizhou is also one of the most important
Mandarin,
Loquat,
Wendan (a kind of
Pomelo),
Myrica rubra producers in China. Other agricultural product include
Rice,
Canola, edible
Wild rice stems or
Zizania latifolia,
Eddoe,
Water chestnut, and
Bamboo. File:Citrus unshiu 20101127 c.jpg|
Mandarin File:Harvest of MIKAN.jpg|
Mandarin File:Yuhuan Wendan.jpg|
Wendan File:Louqat255.jpg|
Loquat File:Eriobotrya japonica3.jpg|
Loquat File:Wild rice stems.jpg|
Wild rice stems File:Taro corms 2.jpg|
Eddoe File:Wasserkastanie 2.jpg|
Water chestnut File:Bamboo sprouts in basket.jpg|
Bamboo sprouts ==Infrastructure and transport==