17 Nov 2016
Hangzhou (Zhejiang) City Information
|Major Economic Indicators (2015)|
|Land Area (km2)||16,596|
|GDP (RMB billion)||1,005.02|
|GDP Per Capita (RMB)||139,653|
|Retail Sales of Consumer Goods (RMB billion)||469.7|
|Utilised FDI (USD billion)||7.1|
|Exports (USD billion)||50.1|
|Imports (USD billion)||16.5|
Source: Zhejiang Statistical Yearbook 2016
Hangzhou, the capital of Zhejiang Province, is located in the lower reaches of the Qiantang River which is the southern end of the Grand Canal (also known as the Beijing-Hangzhou Canal).
Hangzhou is designated as a national hub in MOFCOM’s development plan (2015-2020) of distributive trade and logistics. Located at the intersection of a number of expressways and highways, Hangzhou reaches all other major cities in the Yangtze River Delta within 3 hours. Hangzhou Xiaoshan International Airport operated flights domestically and internationally.
Hangzhou ranked as the 22nd most competitive city in China according to the Chinese Academy of Social Sciences in 2015.
The industry sector accounted for 35% of the city’s GDP in 2015. Equipment manufacturing is the largest industry in Hangzhou. Other major industries include textiles, garments, food and beverages, electronic information and pharmaceutics.
Hangzhou is known as the "capital of silk and women's garments" in China, indicating the significance of silk and women’s garments industry. Leading enterprise is Hangzhou JNBY Finery Co Ltd.
High-tech industries, especially the electronic information and bio-tech industries, play an important role in the city's economy, accounting for one fifth of the city's total. Some 100 Fortune 500 enterprises, including Shell, Motorola, Auchan and DuPont have presence in Hangzhou.
As the home city of Alibaba, China's largest B2B online portal, Hangzhou was granted the title of "Capital of E-commerce in China" by the China E-commerce Association in 2008.
Tourism is an important pillar of Hangzhou’s service industry. Due to its beautiful scenery and rich cultural heritage, Hangzhou attracted 3.4 million foreign tourists in 2015.
Major Industrial Parks / Development Zones
1. Hangzhou Economic and Technological Development Zone (state-level) (杭州經濟技術開發區)
Target industries: Machinery, electronics, bio-pharmaceuticals, textiles & chemical fibers, food & beverage
Major investors: Toshiba, Panasonic, Siemens, Bosch, Pepsi, Motorola, Mitsubishi, LG, Coca Cola, Bayer, Danone, Yokohama, Yazaki, CIAT, Kose, Alcoa, HLR, HAT, SET, Joplax, Asahi KASEI
2. Hangzhou High-tech Industry Development Zone (state-level) (杭州高新技術產業開發區)
Target industries: Information technology, biochemicals, pharmaceuticals, opto-electro-mechanical
Major investors: Nokia, Alcatel, BOS, Panasonic, Mitsubishi, Daewoo, TCS, CA, INTECH, Alibaba, SISTEMA, ZTE, IBM, NTT, Microsoft, AISIN, UTStarcom
3. Hangzhou Xiaoshan Economic and Technological Development Zone (state-level) (蕭山經濟技術開發區)
Target industries: Electronic information, machinery, refined chemicals, construction materials
Major investors: Ericsson, CNHTC, Hokin, Aisin, Albany, Itochu, Bray, Rxon, KSK, Marubeni, ZF, Transfar, Screen, Fiat, Yamaha, Fair Friend, Sinotruk, Hempel, GE, Caterpillar, Mitsubishi
4. Hangzhou Yuhang Economic and Technological Development Area (state-level) (杭州余杭經濟技術開發區)
Target industries: Machinery manufacturing, textiles and garments, bio-pharmaceuticals and electronic appliance
5. Hangzhou Bay Shangyu Economic and Technological Development Area (state-level) (杭州灣上虞經濟技術開發區)
Target industries: Bio-pharmaceuticals, electronic appliance, machinery equipment and automobiles