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From 1978 through 2016, the GDP of Wenzhou, a third-tier city in China, has increased from 1.32 billion RMB to 504.54 billion RMB with the gross fiscal revenue increasing from 0.135 billion RMB to 72.4 billion RMB, and the disposable net per capita income for rural residents increasing from 113.5 RMB to 22,985 RMB. The per capita disposable income for urban residents increased from 422.6 RMB in 1981 to 47,785 RMB in 2016, which is among the highest in China.
===Financial
In late March 2012, China's [[State Council of the People's Republic of China|State Council]] announced that Wenzhou would be the site of a pilot project for the reform of private investment rules. The city had been a significant source of illegal loans, and this project would legalize and provide a regulatory framework for such activities. It has been seen not only as an attempt to legitimize Wenzhou's private finance market, but also as a model for cleaning up underground lending in China as a whole.<ref>{{cite news|url=https://www.wsj.com/articles/SB10001424052702303404704577309051957346004|title=China Tests Financial Relaxation in Wenzhou|author1=Lingling Wei|author2=Dinny McMahon |author3= Tom Orlik| newspaper=The Wall Street Journal|date=29 March 2012|access-date=1 September 2016|archive-url=https://web.archive.org/web/20160915003037/http://www.wsj.com/articles/SB10001424052702303404704577309051957346004|archive-date=15 September 2016|url-status=live}}</ref>
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