Hangzhou Economic and Technological Development Zone

    Rating     AA
    Year of Establishment     1993
    Land Area     104.7 km2
    Location     Hangzhou, Zhejiang
    GDP     RMB 47.17 billion, 12.15% up (2013), RMB 52.49billion (2014)
    FDI     US$1395 million, 5.04% down (2013)
    Utilized FDI     US$677 million (2013), US$813 million (2014)
    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 Industies Encouraged     Machinery, electronics, bio-pharmaceuticals, textiles & chemical fibers, food & beverage
Source: Administrative Committee of Hangzhou Economic and Technological Development Zone

Hangzhou Economic and Technological Development Zone (Hangzhou ETDZ), approved by the State Council in 1993, has a planned area of 104.7 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 2013, the GDP hit RMB 47.17 billion. In 2014, its GDP grew 11.28% and reached 52.49 billion, accounting for 5.7% of Hangzhou’s GDP.

In 2014, gross industrial output of the park rose 9.68% to RMB 166.26 billion. The zone’s major industries are IT, machinery, food and beverages, and pharmaceuticals, in 2011, the sales value of industry amounted to RMB 91.2 billion, accounted for 60.8% of the park’s total. The zone has attracted global IT giants such as IBM, Motorola and LG.

The zone’s export value increased 10.17% from the previous year to US$5.26 billion in 2011. In 2013, the export value hits 5.85 billion. The export of mechanical and electrical products reached US$3,28 billion, accounting for 62.38% of the zone’s total export value. In 2014, the export value hits US$6.38 billion, while the import value hits US$2.52 billion.

In 2011, the utilized FDI reached US$642 million. By the end of 2011, 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. In the first six month of 2013, the utilized FDI reached US$392 million. In 2014, the utilized FDI US$813 million.

Investment Cost
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

  • 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

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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