Since the Third Plenary Session of the 11th Central Committee of the Chinese Communist Party, Wenzhou combines the policy of reformation and opening with local actuality and develops the spirit of "automatic reform, responsible for risks by self, striving continuously to make new progress, seeking development by self" and takes the lead in carrying out the reform of market orientation, and has gone out a road of economic development with distinct regional characteristic. The development generally has gone through three stages: the first stage is that, at the initial stage of reformation and opening, Wenzhou economy started from family industry and developed diversified economy without restraint and had settled the question about economic total amount, and then formed the mode of "small commodities, big markets"; the second stage is that, after the medium term of 1980s, Wenzhou economy made the capitals, talents and technology as a link and guided family industry to stock cooperation and developed stock cooperation economy, Which has developed the effect of "small capital, big radiation". The third stage is that, after 1992, inspired by the spirits of Deng Xiaoping's statements during his south trip and the 14th National People's Congress, carried out the second doing pioneering work that focuses on increasing economy. The a situation of "small region, big development".
From 1978 to 1998, the whole city's total domestic output value increased to 680 hundred million Yuan from 13.31 hundred million Yuan, the total industrial output value increased to 1400 hundred million Yuan from 11.12 hundred million Yuan, the revenue increased to 46 hundred million Yuan from 1.35 hundred million Yuan, the net income per peasant increased 3,788 Yuan from 113.5 Yuan. The total economic value was listed the third of Zhejiang Province. In 1997, the city comprehensive strength was listed the 67th of 221 cities over prefecture level in whole country (was listed the 31st of the municipal level cities, the domestic output value per person of the whole city was 1,030 US$ at the present price exchange rate and was increased by 41.4% compared with the whole country's average level and showed hitherto unknown vitality and vigor.

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