This city over the years has tried to develop superior top performing higher education system that would mould the students effectively. This can be seen from the quality graduates that come from institutions such as Zhejiang Sci-Tech University, Zhejiang Medical University and other colleges.

There is evidence of economic writing that dates all the way back to the Mesopotamian era. The development of modern economics is largely due to two groups which were known as the physiocrats and the mercantilists. These groups help develop capitalism in Europe in the 16th century.

The china higher education for a couple of years has been voted as one of the best among the Asian countries. This country has over 150 both public and private owned universities distribution on all provinces of china. The higher education is research based.