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Shaoxing (Zhejiang) City Information

Major Economic Indicators (2015)
Land Area (km2) 8,279
Population (million) 4.97
GDP (RMB billion) 446.6
GDP Per Capita (RMB) 100,796
GDP Composition
Primary Industry 4.5%
Secondary Industry 50.4%
   Industry 43.8%
Tertiary Industry 45.1%
Retail Sales of Consumer Goods (RMB billion) 162.1
Utilised FDI (USD million) 941.5
Exports (USD million) 27,142
Imports (USD million) 2,760

Source: Zhejiang Statistical Yearbook 2016

 

General Introduction

Shaoxing, situated in the northeastern part of the Zhejiang Province. It ranked as the 43rd most competitive city in China according to the Chinese Academy of Social Sciences in 2016.

Shaoxing is easily accessible by air and by road. The two airports in Shanghai, Shanghai Pudong International Airport and Shanghai Hongqiao Airport, are within 1.5 hours’ drive, while Hangzhou Xiaoshan International Airport and Ningbo Lishe International Airport are within 1 hour's drive. The Shanghai-Hangzhou-Ningbo Railway and The Shanghai-Hangzhou-Ningbo Highway traverse the city.

Shaoxing’s economy is mainly driven by the industry sector which accounted for 44% of the GDP in 2015. The most important industry in Shaoxing is textile. Other major industries include machinery, pharmaceuticals, chemicals, and electronic information. Local specialty products are rice wine and textiles.

Huafu Group, Cifu Fiber, Tiansheng Holding and Yuandong Group are the leading enterprises in the city. Shaoxing has also attracted Thailand-based Lotus and Japan-based Panasonic to set up businesses in the city. 

With over 2,000 years of history, Shaoxing is one of China’s most well-known historical cities. Shaoxing is rich in tourism resources including the former residence of Lu Xun, Shen Garden, the Orchid Pavilion and Kuaiji Mountain Scenic Area.


Major Industrial Park / Development Zone

Shaoxing Paojiang Economic and Technical Development Area (state-level) (紹興袍江經濟技術開發區)

Target industries: Machinery equipment, new materials, bio-pharmaceuticals, food and beverage

 

 

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Content provided by Picture: HKTDC Research