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Business Overview
Hangzhou has taken full benefit of its strategic location in the economic powerhouse of the Yangtze Delta and of its proximity to Shanghai. Hangzhou has the 8th-largest economy of all Chinese citiesis a hunting ground for investors. While its economic strength ranks among the top 10 cities in China in terms of GDP and production, the city has also paid a great deal of attention to its environmental responsibilities and has been awarded over ten national and world-class honorary titles including: National Garden City, National Environmental Protection Model City, the UN Habitat Prize, and International Garden City. Hangzhou ranks 13th among the 200 mainland cities rated in the 2007 Chinese Cities Comprehensive Competitiveness Report issued by the Chinese Academy of Social Sciences.

Overall Hangzhou has the largest economy in terms of GDP in Zhejiang and ranked 8th among all cities in the country in 2006. It has been anointed by the World Bank as the "Golden City" for its foreign investment environment, ranked No.1 for 3 consecutive years in China's "Best Mainland Commercial City Rankings", and trumpeted by Forbes magazine as one of the best destinations for foreign capital. Hangzhou is open for business, offering foreign investors a sound business environment, a skilled labor force, a strong financial system and competent city government.

Textiles and garments, electronic and information technology, pharmaceuticals and chemicals, machinery manufacturing and the food and beverages industries are the backbone of the economy of Hangzhou.

Major Business Centers
Hangzhou Peace International Conference & Exhibition Center:
Hangzhou Peace International Conference & Exhibition Center was built in 1998. Hangzhou Peace International Conference & Exhibition Center is located at the junction of 4 major traffic trunks in northeast of the city (Dongxin Road, Shaoixng Road, Chaowang Road and Jianguo Road), enjoying convenient traffic and prosperous business, with complete financial, telecommunications and commercial service supporting facilities. Hangzhou Peace International Conference & Exhibition Center now consists of the new hall (Zhejiang Agricultural Exhibition Hall) with a floorage of 61,000 sq. m., an associated 20-storey business building (locally 21-storey) of 25,370 sq. m and the old exhibition hall of 58,000 sq. m. is able to accommodate 1670 international standard stands, being a master site of Hangzhou West Lake Expo. The center is a hot venue for national and international exhibitions, trade shows and conferences. The center is equipped with world class facilities and strategic location which suits the needs of the event organizers.

Hangzhou grand Theatre:
Hangzhou Grand Theatre is the second largest theatre in China. Designed by the world-famous Canadian architect Carlos ott and petroff Partnership Architects, it consists of an opera house with 1600 seats , aconcert hall with 600 seats, a multifunction hall with 400 seats and an open air stage. With a total construction area of 55000 it, HZGT is one of the most modern theatres not only in China but also in the world. Being an international stage for artistic genius to show their talents, HZGT is technologically advanced, fully staffed and equipped to meet the challenges of 21st century in the field of culture and art. Hangzhou grand Theater is premier event venue of China. The center is equipped with world class facilities that can make any exhibition, trade show or conference a huge success. The center has various support facilities like VIP Rooms, Actors' Rest Rooms, Western Restaurant, an Audience Lobby and Cloakroom.