Hangzhou Zhijiang National Tourist and Holiday Resort (Hangzhou Zhijiang THR)
Facts & Figures (2007)
Rating
Year of Establishment
1992
Land Area
9.88 km2
Location
West Lake District, Hangzhou, Zhejiang Province
GDP
N.A.
FDI
US$114.7 million 10.7% up
Utilized FDI
US$84.3 million, 70.4% up
Major Investors
Sheraton, China Green Town, Delixi, Guosheng, Vanton Yunqi
Major Industries Encouraged
Inland lake tourism reserve integrated with sightseeing and entertainment
Source: Hangzhou Zhijiang National Tourist and Holiday Resort
Introduction
Hangzhou Zhijiang National Tourist and Holiday Resort (Hangzhou Zhijiang THR) was set up in 1992 with the approval of the State Council. It is one of the first twelve national tourist and holiday resorts approved by the State Council for the purpose of boosting the country's tourism industry and diversify its tourism products. It covers an area of 9.88 km2.
Located in southwest of Hangzhou, the resort is only ten minutes away from the city's downtown district. It is also close to Shanghai and Ningbo. The resort can be reached either via the Shanghai-Hangzhou, Zhejiang-Jiangxi, Xuan-Hang and Hangzhou-Ningbo railways, or via the Shanghai-Hangzhou-Ningbo and Hangzhou-Jinhua-Quzhou expressways. A mere 30 km separates the holiday reserve from Xiaoshan International Airport. West Lake, the hottest tourism spot in Hangzhou, is just 15 km away.
Investment Climate
Hangzhou Zhijiang THR encourages investment in recreation, service and tourism. It has built the Southern Song Dynasty Cultural Park of Song Town, the high-tech theme park of Future World, a golf course of international standards, the Jiangyuan Holiday Resort and Zhuantang Economic and Technological Park.
In 2006, it attracted 2.77 million domestic and overseas tourists, contributing RMB 179 million in ticket income. FDI rose 10.7% from the year before to US$114.7 million in 2007, while utilized FDI rocketed 70.4% year-on-year to US$84.3 million. Major investors include Sheraton, China Green Town, Guosheng, Delixi and Vanton Yunqi.
Investment Costs
Land Costs
Area
Purchasing Price (RMB/m2)
Level 1 Zhonghe Road; South: Hefang Street, Border of West Lake Reserve; West: Tiyuchang Road, West Section of City Ring, Miduqiao Road, Great Canal, Overhead Viaduct
1,530
Level 2 East: Dongxi Road, East Section of City Ring, Railway, Jiangcheng Road; South: Wansongling Road, Border of West Lake Reserve; West: Shuguang Road, Border of West Lake Reserve, Yugu Road, Tianmushan Road, Jiaogong Road; North: Wenshan Road, Wenhui Road, Shangtang Road, Chaohui Road
1,220
Level 3 East: Shaoxing Road, Wenhui Road, Airport Road, West of Genshan Road, North of Qiutao Road, Qingchun Road; South: Qiangtang River, Lower part of Zhonghe Road, Border of West Lake Reserve; West: Yugu Road, Yuxi Road, Guicui Road; North: Wenyi Road, Desheng Road
970
Level 4 Northern Part: East:: Great Canal; South: Qiantang River; West: Yuxi Road, Zijinhua Road; North: Yutang River, Great Canal, Huzhou Road, Shaoxing Road, Xiangjishi Road, Dongxin Road, Desheng Road, the intersection of Caowang Road and Shiqiao Road Southern Part: East: Fuxi Bridge; South: Qiantang River; North & West: Border of West Lake Reserve
750
Level 5 Northern Part:: East: to the railway; South: Qiantang River; West Xixi Road, Border of Xixi Reserve, Zijingang School of Zhejiang University; North: Guihua Road, North Railway Station, Xitang River, Guihua Dinghai Road, Great Canal, Shixiang Road, Dongxin Road, Zhonggong Road, to the railway Southern Shore of Qiantang River, Xiaoshan District
390
Level 6 Northern Part (excluding Level 5), Southern Shore of Qiantang River (excluding Level 5), Zhijiang National Holiday Reserve
300
Source: Department of Land and Resources of Hangzhou Municipality, 2004
Utility Costs
Purpose of Usage
Electricity (1kv-10kv) (RMB/kwh)
Water (RMB/m3)
Waste Water Treatment Fees (RMB/m3)
Gas (RMB/m3)
Residential
N.A.
1.35
0.50
2.4
Government
N.A.
2.00
1.50
3.0
Commercial
N.A..
1.9
1.50
3.0
Industrial
N.A.
1.75
1.80
3.0
Others
N.A.
4.0
1.50
3.0
Source: China Water, Hangzhou Gas
Logistic Costs
Air Freight Costs (RMB/Kg)
Seoul
Taipei
Singapore
Sydney
Hangzhou
12
10.50
14.00
31.5
Source: Hangzhou Xiaoshan International Airport (based on the prices of Air China)
Strength
Hangzhou Zhijiang THR is close to downtown Hangzhou – a popular tourist attraction. The resort is also located near the Shanghai and Ningbo metropolises, attracting visitors from the surrounding area.
