Located 110 miles south of Shanghai, Hangzhou is the capital of Zhejiang province and one of the Yangtze River Delta’s most economically vibrant cities. Regarded by Marco Polo as “beyond dispute the finest and the noblest city in the world,” Hangzhou is now revered for its popular tourist destinations and pro-business atmosphere. For three consecutive years, Hangzhou was ranked as the #1 City in China for business by Forbes magazine. Moreover, Hangzhou has the eighth highest per capita GDP in China. Between 2003 and 2008, imports to Hangzhou doubled from USD 7.28 billion to USD 14.25 billion. According to trade statistics which show a 63.4% rise in sales to Hangzhou area buyers, this is an increasingly important growth market for US exporters. Business travel has improved tremendously as a result of the new high speed rail line that has reduced travel time between Shanghai and Hangzhou from 78 minutes to 45 minutes. In addition, Hangzhou is also only a short 25 minute high speed-train ride from Yiwu, the commodities trading hub of China.
Hangzhou’s development has been shaped by the local government’s support for foreign invested enterprises in Hangzhou’s three industrial development zones. Largely as a result of these efforts, the city has become a leading manufacturer of machinery, electronics, information technology, medicine, chemicals, textiles & apparel and food & beverage processing. Identifying and targeting manufacturers needing the newest technologies in these sectors in Hangzhou’s development zone will present potentially lucrative market opportunities for U.S. equipment suppliers.
o Major company and investment/export opportunities in Hangzhou
o Industrial Development Zones
The Commercial Service and its partner, the China Council for Promotion of International Trade, are constantly developing new trade leads. To search for leads in Hangzhou and the north China region, visit our trade leads database.
U.S. Commercial Service - Shanghai
Shanghai Center, Suite 631, 1376 Nanjing West Road
Shanghai 200040, China
Tel: (86-21) 6279-7630
Fax: (86-21) 6279-7639