Hangzhou is the capital and largest city of Zhejiang Province in Eastern China. In 2010, Hangzhou Metropolitan Area, the fourth-largest in China, was populated by circa 21 million people.
Hangzhou’s economy has rapidly developed since it opened up in 1992. The city has developed many new industries including medicine, information technology, heavy industrial equipment, automotive components, household electrical appliances, electronics, telecommunication, fine chemicals, chemical fibre and food processing delivering GDP of US$136 billion in 2013 (metro area US$230 billion in 2011).
Hangzhou is home to a number of development zones such as Economic & Technological, Export Processing and Hi-Tech Industrial development zones. The latter includes the Xiasha and Zhejiang Sci-Tech Industrial Parks and is growing very fast. It’s rapid development relies on preferential investment policies to build one of the largest hi-tech cities in China called Paradise Silicon Valley.
Hangzhou is served by the Hangzhou Xiaoshan International Airport and offers high-speed railway service to Shanghai, Nanjing, Changsha, Ningbo and many other locations.