By the early 1980s, the township had a population of 1,000. Designated as an industrial development zone, it quickly developed as a hosiery industry centre, becoming known as Sock City. The town now produce 8 billion pairs of socks each year, a third of the world’s sock production, effectively creating two pairs of socks for every person on the planet for the year 2011. As a result, the population has boomed to 60,000, with over 100,000 employed in the area in the industry via other local towns and villages.
Zhejiang Zhuji Pearl Industrial Park
It is one of 22 circular economy pilot zone in Zhejiang Province ,was established in March 2000, audited by the National Development and Reform Commission and Ministry of Land and adopted by the provincial development zone. Deep processing of pearl, jewelry design, precious metal parts production and other related industries are part of this esteemed park.