Pinghu has formed the pillar industrial system covering optical-machinery-electronic, garments, paper-making and package & suitcase, as well as the industry base consisting of metal processing, kid bicycle, sanitary equipment, machinery appliance, printing, bio-chemical pharmaceutics, chemical, etc. In recent years, Pinghu is growing up as a new advanced manufacturing industry base of Zhejiang province through keeping on upgrading traditional industries, introducing foreign investment, improving hi-tech industries, guiding industrial clustering and pushing forward the development of industry supporting services.