The fifth session of the fifth Taizhou Municipal People's Congress commences on April 24. [Photo/WeChat account: tzfb001] 

Taizhou's gross domestic product (GDP) saw an annual growth rate of 5.1 percent in 2019, accoding to Wu Haiping, acting mayor of the city.

Wu made the remarks while delivering a government report at the fifth session of the fifth Taizhou Municipal People's Congress on April 24. 

The per capita disposable income among the city's urban residents rose by 8.3 percent in 2019, while the figure for its rural residents rose 9.4 percent. 

Fixed asset investment soared 10.5 percent, and a total of 255 industrial construction projects costing more than 500 million yuan ($72.46 million)started in the city.

More than 190 enterprises in the city made the list of national high-tech companies, and the number of listed companies climbed to 55. 

Its reform of financial services for small and micro-sized enterprises has served as an example for many other cities throughout the nation.

The city's increase in private capital investment ranked first in Zhejiang province. 

A total of 338,000 new jobs were created in urban areas and 428 cultural halls were established in rural areas. 

The city was rated among the 10 happiest cities in China, the fourth time it has won this accolade.