Due to both Wenzhou's cultural and geographical remoteness and its lack of natural resources (land, minerals, etc.), the Chinese central government has left the people of Wenzhou relatively autonomous. Away from the center of the political and economic stage, its people are more independent, self-reliant, and generally more business-oriented. Numerous books have been published about the business sense of people from Wenzhou.
Hence, when China switched from its planned economy to its so-called capitalist economy with Chinese (socialist) characteristics in the late 1980s, its people adjusted well to the new system and took advantage of it. A popular saying calls Wenzhounese the "Jews of the Orient". Wenzhounese have been stereotyped by other Chinese as real estate speculators. China Daily notes that investments from Wenzhounese buyers play a disproportionately large role in the increase in Chinese property prices.
The people of Wenzhou are equipped with business sense and a commercial culture more dominant than anywhere else in China. Wenzhou has two economic characteristics: it was the first to launch a market economy, and it has the most active and developed private economy in China. In the process of developing its economy, its people have survived adversity, with little positive help from the government.