Hangzhou Economic and Technological Development Zone (hereinafter referred to as HETDZ) is a state-level development zone approved by the State Council in April 1993. With a jurisdiction area of 104.7 square kilometers, it currently has an established area of 34 square kilometers and a population of 200,000.

HETDZ has set three targets of constructing ¡°an international advanced manufacturing base, a university town of the new century and a gardenlike ecotypic city sub-center¡±, and is vigorously implementing the strategy of ¡°vitalizing the zone through industry, strengthening the zone through science and education, and maintaining the zone through environment¡±. At present, HETDZ has become a crucial base to develop modern industry, export-oriented economy as well as higher education and scientific research in Hangzhou and even in Zhejiang. In terms of comprehensive development level, HETDZ is among the top 15 in 49 state-level development zones. In 2004, HETDZ was appraised to be the one with the best investing environment in China¡¯s 75 city development zones by Japan Trade Vitalization Organization.

¡øInternational advanced manufacturing base

Bearing the concept of ¡°bringing profits to investors and assuring success for entrepreneurs¡±, HETDZ intensifies the efforts to invite investment and to develop and strengthen itself as an advanced manufacturing base. Thus far, HETDZ has attracted 390 foreign-funded enterprises from 30 countries and regions. The contracted foreign capital has reached US$3.7 billion, and the actual use of foreign capital has amounted to US$1.7 billion; HETDZ has also attracted 248 domestic investors, with a total investment of £€15.5 billion. Among them, 24 enterprises on Fortune's Top 500 list have invested in 38 projects in the development zone. In April 2004, Hangzhou Export Processing Zone, Zhejiang was established in HETDZ as one among the first batch of national trial units. In May 2005, HETDZ was approved to be the National (Hangzhou) Computer and Network Product Industrial Park by the Ministry of Information Industry.

As one of the biggest mobile telecommunication manufacturing bases in China, HETDZ hosts the manufacturers of mainframe and accessories such as Motorola, Eastcom, Mitsubishi, Foxconn and Huayu Electronics. Toshiba has established its global laptop manufacturing base with an annual capacity of 2.4 million sets in the zone. As Zhejiang¡¯s medical industry manufacturing base focusing on genetic engineering, natural medicine and preparation and medical equipment, HETDZ has introduced a batch of manufacturing enterprises and research centers such as Jiuyuan Gene, Allergan, Kanglaite, Terumo, Asahi Kasei medical and Zhejiang University Pharmaceutical Company. Panasonic is establishing its largest electrical household appliance manufacturing base in China, Panasonic Hangzhou Industrial Park, in the zone, with an investment of US$240 million and a construction area of 240 thousand square meters. It is also the largest beverage manufacturing base of Zhejiang Province, with three well known brands: Coca Cola, MasterKong and Wahaha.

In 2004, HETDZ achieved a regional gross product of £€13 billion, a gross industrial output value of £€50.4 billion, and a foreign trade and export volume of US$2.54 billion, ranking the 11th, 9th and 7th respectively among the 49 state-level development zones countrywide.

¡øUniversity town of the new century

Vigorously implementing the strategy of ¡°strengthening the zone through science and education¡±, HEDTZ has established Xiasha Higher Education Park, the largest in Zhejiang Province. The overall plan for Xiasha Higher Education Park is an area of 10.91 square kilometers with 15 higher education institutions and a total of 150 thousand students. After 5 years¡¯ construction, Xiasha Higher Education Park has been put into use. At present, there are 14 higher education institutions with 120 thousand students, such as China Jiliang University, Zhejiang Sci-Tech University, Hangzhou University of Electronic Science and Technology, Zhejiang Gongshang University, Zhejiang College of Finance & Economics and Zhejiang College of Media and Communications. With the backing of Xiasha Higher Education Park, the Administrative Committee of HETDZ is making great efforts to create a platform integrating industry, education and research, to construct the Science and Technology Park of Higher Education Institutions and the Returned Students Innovation Park, to establish a platform fostering mutual development of the 15 higher education institutions and over 700 modern manufacturing enterprises, to actively cultivate and develop knowledge-based economy and technology-intensive industry with its own characteristics, and striving to enhance the core competitiveness of HETDZ.

¡øGardenlike ecotypic city sub-center

In accordance with the strategic target of ¡°constructing a metropolis, creating a new heaven¡±, the east part of Hangzhou, with an area of 178 square kilometers and HETDZ at the center, is the sub-center of the city (that is, Xiasha New Town). It aims to build a gardenlike ecotypic modern new town with high and new technology industry and advanced manufacturing industry as its foundation, integrating functions like education and scientific research, business and residence. To achieve this target, HETDZ is undergoing a strategic shift from construction of zone to building of town, actively promoting the process of urbanization, and strenuously cultivating and developing the functions of cities and towns. Currently, several crucial infrastructure facilities are being constructed such as the central administration and business district of Xiasha New Town (8 square kilometers), as well as the track traffic, throughway and fast bus route that link Xiasha and the city proper. By completely utilizing the tourist resource of 13-kilometer long Qiantang River, HETDZ is to construct the largest ecological wetland park in the east part of Hangzhou, and plans to build a large ecological residential area along the river that can accommodate 150 thousand residents. Meanwhile, some large-scale commerce and trade facilities, such as Frid Culture Plaza, Huayuan 16 Blocks, Xizi Yangguang Mall and Jinchi Commerce and Trade, will be established. All these will help to improve the image and functions of HEDTZ in an all round way, so that it will become a modern, international and people-friendly city sub-center.