Approved by the State Council in 1992, Hangzhou has established four State-level development zones, e,g: Hangzhou Economic and Technological Development Zone, Hangzhou New High-tech Industrial Development Zone, Hangzhou Zhijiang State Tourism and Vocational Resort and Xiaoshan Economic and Technological Development Zone; at the same time it has established 5 provincial-level economic development zones, basically forming the all-aspect, multi-levels, vast territory opening-up structure.
After more than six years' development and construction, the four State-level development zones have begun to take shape, the investment environment has been constantly improved. They have become Hangzhou's windows of opening-up to the outside and the areas of quickest economy growth. The 1163 projects have been approved to be established in these four development areas with a total investment of US$2517 million and 6492 million yuan respectively, among which 300 projects are foreign-invested projects with agreement foreign investment of US$1862 million, actual utilized foreign investment of US$ 875 million .
Hangzhou Economic and Technological Development Zone focuses on introducing technology-intensive industrial projects. The planned area land is 27 square kilometers. The development construction of the first five square kilometers starting area has been completed, and the second five square kilometers development construction has already been launched in the full swing. Now it has formed initially four industrial systems and production bases of light industry and food industry, machinery and electronics, textiles and chemicals fibers, pharmaceuticals and chemicals. The comprehensive economic quota ranks the 11th among the 32 same kind State-level development zones in china.
Hangzhou New High-tech Industrial Development Zone stresses on the development of high-tech industries. With a total planned area of 12.24 square kilometers, it has established four districts including software industry district and Xiasha science and technology industry districts. It is the new high-tech industry base of Zhejiang province. Its total revenue of technology industry and trade of 1997 has reached 680million yuan.
The planned area of Hangzhou Zhijang State Tourism and Vocational Resort is 9.88 square kilometers. Now it has completed the land development area of 4.21 square kilometers. The tourism projects such as "Song Dynasty City" which reveals Song Dynasty culture in the Chinese history, the "Future World " which is high-tech theme park, and the international standard Golf course have opened to the tourists, and become the new hot tourist places in Hangzhou for both foreign and domestic tourists.
The planned land of Xiaoshan Economic and Technological Development Zone is 9.2 square kilometers .The 118 "three investment" enterprises had been approved to enter into the zone by the end of 1997 with a total investment of US$670 million. The supporting facilities such as custom service, commodities inspection, boned warehouse, financial institutions, hospitals, telecommunications, traffic and transportation and entertainment facilities have all been in place. With its total output value of 1997 reaching 2086 million Yuan RMB, it has become an important economic growth point in the Hangzhou area.
