Investing in Hangzhou | zhejiang hangzhou
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WeprofilethereasonswhyforeigncompaniesshouldconsiderinvestinginHangzhou,aleading industrial,technology,anddigitaleconomycenterinChina’sYangtzeRiverDeltaarea.Hangzhou,thecapitalcityofZhejiang[1]province,hasbecomegloballywell-knownsincehostingtheG20Summitin2016.WithlowerofficesetupcoststhanShanghai,competitivegovernmenttaxincentives,andastrongnetworkoflocalITcompanies,Hangzhouisacitythatholdsgreatattractionforinvestors.AsoneofthemostprosperouscitiesintheYangtzeRiverDelta[2],locatedatHangzhouBa...
![Investing in Hangzhou](https://i.imgur.com/H8YKUrg.jpg)
We profile the reasons why foreign companies should consider investing in Hangzhou, a leading industrial, technology, and digital economy center in China’s Yangtze River Delta area.
Hangzhou, the capital city of Zhejiang[1] province, has become globally well-known since hosting the G20 Summit in 2016. With lower office setup costs than Shanghai, competitive government tax incentives, and a strong network of local IT companies, Hangzhou is a city that holds great attraction for investors.
As one of the most prosperous cities in the Yangtze River Delta[2], located at Hangzhou Bay between Shanghai[3] and Ningbo, Hangzhou’s GDP accounts for nearly 25 percent of Zhejiang province’s economic output. Alibaba, China’s e-commerce and tech behemoth, and Wahaha, the nation’s largest beverage company, both have their headquarters in Hangzhou.
Hangzhou’s economic profileIn 2020, Hangzhou’s GDP reached RMB 1,610.6 billion (approx. US$245 billion), making it the fourth provi...