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Hangzhou High-tech Industry Development Zone
China Knowledge Press, June 2011, Pages: 25
Hangzhou High-tech Industrial Development Zone (Hangzhou HTIDZ) rated “AA” by China Knowledge in a research report published today. The industrial park won the State Council’s approval to become a state-level development zone in 1991. It covers an area of 12.12 sq km and is located in Binjiang District in Hangzhou approximately 180 km from two of China’s busiest ports, Ningbo-Zhoushan Port and Shanghai Port.
There are over 30 universities, including Zhejiang University and China Academy of Art, 19 research institutions and nine state-level labs.
Hangzhou HITDZ consists of three areas, of which Xiasha Sci-tech Industrial Park, located close to the state-level Hangzhou Economic and Technological Development Zone, and Zhijiang Sci-tech Industrial Park are the most important. Hangzhou HTIDZ mainly encourages investment in information technology, biochemical, pharmaceutical and optical-mechanical-electronic integration.
After years of development, Hangzhou HTIDZ has become one of China’s 11 national industry bases for software, IC design, BPO and animation. It is home to over 1,100 software developers and BPO enterprises. Nokia, Motorola and Siemens have established research centers in this zone. In 2008, the export value of software hit US$379 million, accounting for over one half of Zhejiang’s total. In addition, around 8% of China’s IC design firms are located in the zone. Hangzhou HTIDZ has become renowned as the “Paradise Silicon Valley” of China. In 2010, the total export and import value hit US$5.4 billion.
In 2010, the GDP of the zone rose 13.1% to RMB 34.17 billion, contributing 5.7% to Hangzhou’s total GDP. The zone is home to over 61% of Hangzhou’s high-tech companies. In 2008, the zone’s high-tech firms generated value-added industrial output of RMB 25.1 billion, accounting for 56.3% of the zone’s total. By the end of 2008, the cumulative FDI in Hangzhou HTIDZ had reached US$5.8 billion.
Big foreign enterprises, including Nokia, Panasonic, Mitsubishi, IBM, NTT, Microsoft and AISIN, have invested there. It is also home to Alibaba.com, the world’s largest online B2B portal. In the first three months of 2010, the contracted FDI reached US$222.49. Alibaba Group, founded in 1999, is the parent of Alibaba.com Ltd, which runs an online marketplace for over 32 million registered traders throughout the world. Alibaba Group’s other units include Alipay, Taobao and Alisoft. In 2007, Alibaba.com was listed on the Hong Kong Stock Exchange. It is the largest Chinese website in terms of market value. Despite the global financial crisis, Alibaba.com’s net profit attributable to shareholders rose 25% year on year to RMB 1.2 billion in 2008.
Industrial parks rated AA are highly attractive and are highly recommended. However, in comparison with industrial parks given the AAA rating, these industrial parks still lag behind in some areas. The most typical disadvantage is the smaller economic size as reflected in the GDP or FDI, high investment costs and limited land resources. Together with AAA-rated industrial parks, these industrial parks are considered first-tier. There are 24 with “AA” rating among 254 national or municipal level industrial parks rated by China Knowledge since 2003.
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