In March, 2000, with the approval of the Ministry of Education, the former Zhejiang University of Economics and Jiaxing University merged to form an ordinary undergraduate college, and the management system of "provinces and cities build * * * management, with provinces as the main body" was implemented. The original Zhejiang University of Economics 19 14 was founded in Yinxian, Ningbo, and Jiande, Hangzhou, under the Ministry of Heavy Industry, Ministry of Metallurgy and China Nonferrous Metals Industry Corporation. Known as the "cradle" for cultivating economic management talents in China nonferrous industry.