Since 2003, Yongkang City has launched “Five Hundred Projectsâ€, striving to cultivate five “aircraft carriers†with sales revenue exceeding RMB 1 billion and tax revenue of RMB 30 million through three years’ efforts, with sales revenue exceeding RMB 500 million and taxes of RMB 1200. Ten million "little giants", 100 sales income of 20 million yuan and tax revenue of 1 million yuan "100 leading technology." In 2004, there were 14 new industrial enterprises whose sales revenue exceeded 100 million yuan, and the total number reached 53. In 2004, Yongkang China Hardware City continued to thrive with a market turnover of 19.2 billion yuan. The total industrial output value of hardware industry in the year was 22.268 billion yuan.
