Hangzhou Yuhang Economic and Technological Development Zone. [Photo/yuhang.gov.cn]

Hangzhou Yuhang Economic and Technological Development Zone was established in November 1993. It was one of the provincial development zones approved by the Zhejiang Provincial Government. In 2012, it was upgraded to a national economic and technological development zone by the State Council. 

Located in the Yangtze River Delta area, one of the most economically developed area in China, it is one and a half hours’ drive from Shanghai and Ningbo, and 15 minutes’ drive from downtown Hangzhou. From the zone, it takes three hours to reach various major cities in East China, including Suzhou, Nanjing, Wenzhou. 

It has formed a well-developed industrial system that focuses on smart equipment, medical health, green environmental protection, fabric textiles, and modern services. It has introduced more than 10 Fortune 500 companies, such as Sumitomo, Novartis, GlaxoSmithKline, Hitachi, Otis, Mitsubishi and Honeywell. By the end of 2018, there were 281 enterprises above designated size. 

In the first half of 2018, the total industrial output value of the zone reached 29.14 billion yuan ($4.31 billion), up by 16.8 percent year-on-year. An industrial investment of 1.9 billion yuan and a government investment of 640 million yuan were introduced to the zone, helping it to realize fiscal revenue of 3.4 billion yuan.