Hangzhou High-Tech Zone (Binjiang) was established in June 2002 with the integration of the management systems of Hangzhou National High-Tech Zone and Hangzhou Binjiang district.
Established in Hangzhou, Zhejiang province, in 1990, the Hangzhou High-Tech Zone, which occupies about 92 square kilometers, was one of the first batch of State-level hi-tech industrial zones approved by the State Council. It is not only the innovation source of high and new technology but also a large incubator of small and medium-size tech-based enterprises. Binjiang district was established on the south bank of the Qiantang River in 1996 with three subdistricts. Now there are 51 communities and a population of 320,000.
Hangzhou High-Tech Zone (Binjiang) boasts an excellent location. It is only 15 km from Hangzhou Xiaoshan International Airport, and borders the Shanghai-Hangzhou-Ningbo Expressway. It is in an important strategic area for sharing common prosperity along the Qiantang River in Hangzhou.
In the first quarter of 2018, it generated a GDP of 27.4 billion yuan ($3.94 billion), a year-on-year growth of 11.6 percent. The high-tech industry in the zone earned revenue of 80.36 billion yuan, increasing by 19.3 percent.
A total of 28 foreign-funded enterprises have been attracted to the zone, as well as 14 major projects. The added value of industries above designated size grew by 19.1 percent and the fixed asset investment hit 7.14 billion yuan.
Hangzhou High-Tech Zone (Binjiang) has become a hotbed of innovation and business startups. It is now gathering momentum in the development of local manufacturing and high-tech industries.
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