Hangzhou Economic and Technological Development Zone
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Facts & Figures (2010)
| Rating |
AA |
| Year of Establishment |
1993 |
| Land Area |
34 km2 |
| Location |
Hangzhou, Zhejiang |
| GDP |
RMB 35.99 billion, 10.79% up |
| FDI |
N.A |
| Utilized FDI |
US$608 million |
| 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 |
| Major Industries Encouraged |
Machinery, electronics, bio-pharmaceuticals, textiles & chemical fibers, food & beverage |
| Source of Facts & Figures |
Source: Administrative Committee of Hangzhou Economic and Technological Development Zone |
| Introduction |
Hangzhou Economic and Technological Development Zone (Hangzhou ETDZ), approved by the State Council in 1993, has a planned area of 34 sq km. It is located in eastern Hangzhou, 19 km from downtown and 15 km from the Hangzhou Xiaoshan International Airport, which offers 149 flights to domestic cities and 32 flights to international cities per week. Hangzhou ETDZ is located approximately the same distance from Shanghai, Suzhou, Shaoxing and Ningbo, which are a 1.5-hours’ drive away. Additionally, the zone is close to Ningbo-Zhoushan Port and Shanghai Port, the two largest deepwater ports in China.
The central axis of Zhejiang Province’s expressways was built in the zone, connecting the Hangzhou-Nanjing Expressway, the Shanghai-Hangzhou Expressway, the Hangzhou-Jinhua -Quzhou Expressway and the Hangzhou-Ningbozhou Expressway. The zone also has access to a well-established railway network, as the Shanghai-Hangzhou Railway, the Zhejiang-Jiangxi Railway, the Xiaoshan-Ningbo Railway and the Xuancheng-Hangzhou Railway intersect in Hangzhou.
Because there are 14 colleges and universities in Hangzhou ETDZ, the zone can draw from a talent pool of more than 50,000 skilled persons per year. |
| Investment Climate |
Hangzhou ETDZ contains the Singapore-Hangzhou Science & Technological Park, the Modern Logistics Park, the High-Tech Incubator, the Innovation Industrial Park and the New Medical Industrial Base. In 2010, its GDP grew 10.79% and reached 35.99 billion, accounting for 6.1% of Hangzhou’s GDP.
The zone’s major industries are IT, machinery, food and beverages, and pharmaceuticals. In 2010, value-added industrial output of the park rose 12.2% to RMB 27.68 billion. The zone has attracted global IT giants such as IBM, Motorola and LG.
The zone’s export value increased 32.53% from the previous year to US$4.78 billion in 2010. Export value to the U.S., Japan and the E.U. reached US$514 million, US$1.56 billion and US$677 million, accounting for 10.75%, 32.63% and 14.16% of the zone’s total export value, respectively.
In 2010, the utilized FDI reached US$608 million. By the end of 2010, Hangzhou ETDZ had attracted investments from 65 Fortune 500 enterprises including Coca-Cola, Motorola and Siemens. The zone is also home to large domestically renowned firms such as Wahaha, Zhejiang University, Shengmin Pharmaceuticals and Bafang Logistics. |
| Winning Edge and Limitation |
Winning Edge
- The zone has a well-established industrial and economic base
- It is in an advantageous geographic location
- Rich human resources are available
- The Export Processing Zone is also located in this area, providing convenient and fast customs clearance
Limitations
- The zone faces strong competition from the neighboring city of Ningbo, which boasts an economy strongly boosted by the world-class Ningbo-Zhoushan Port
- Operating and labor costs are relatively high
- Small and medium-sized enterprises that are export-oriented are easily affected by foreign economic development and foreign exchange rates
- Mineral resources are scarce, and the zone suffers from gas and electricity shortages
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| The Administration Committee |
Address: Yindu Mansion (Xiasha), Hangzhou Economic and Technological Development Zone, Hangzhou, Zhejiang P.R. China 310018
Tel: 86-571 86913653
Fax: 86-573 86919973
Website: www.HETDZ.gov.cn www.hzqt.net |
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