The Wenzhou model is the product of China's reform and opening up, and is a typical representative of regional economic development. However, due to the current shortage of resources in Wenzhou, insufficient incentives for corporate transformation, and weak government guidance, the Wenzhou model has fallen into a trough. Therefore, we should explore the road to the transformation and development of the Wenzhou model on the basis of the original Wenzhou economy, and inject new vitality and connotation into the Wenzhou model under the background of the new normal economy. <<