Hangzhou

Hangzhou's GDP grew 9% RMB780.4 billion in 2012. It is home to the largest single number of China's top private enterprises in any Chinese city: Alibaba Group, which owns the world's largest C2C site Taobao.com, B2B site Alibaba.com and B2C Tmall.com e-business platforms, was founded there, while new industries include medicine, information technology, heavy equipment, automotive components, household electrical appliances, electronics, telecommunication, fine chemicals, chemical fiber and food processing. Tourism remains an important component of the Hangzhou economy.

Hangzhou Quick Facts
  • Area
    16,847 km2
  • Population:
    8700400
  • Gross domestic product:
    594.582 billion RMB
  • GDP growth:
    12%
  • Fixed Asset Investment:
    275.31 billion RMB
  • Utilized Foreign Direct Investment:
    4.36 billion US$
  • Imports:
    17.02 billion US$
  • Exports:
    35.34 billion US$

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Top 5 Hangzhou Companies
    • Zhe Jiang Zhongda Group Co (SHA: 600704) is engaged in commodities trading and property business. It posted RMB31.58 billion in revenues and RMB500.71 million in net profits for 2010.
    • Zhejiang Guangsha Co (SHA: 600052) is engaged in the development and sale of real estate. It posted RMB2.24 billion in revenues and RMB127.73 million in net profits for 2010.
    • Hangzhou Iron & Steel Co (SHA: 600126) is engaged in the production and sale of iron, steel and coke products. It posted RMB19.41 billion in revenues and RMB348.2 million in net profits for 2010.
    • Zhejiang Orient Holdings Co (SHA: 600120) engaged in manufacture and distribution of textile products and apparels. It posted RMB4.74 billion in revenues and RMB207.34 million in net profits for 2010.
    • Wanxiang Qianchao Co (SHE: 000559) is engaged in the manufacture and sale of automobile parts. It posted RMB7.82 billion in revenues and RMB425.81 million in net profits for 2010.

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