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| Economic Construction in Hangzhou
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Hangzhou is an important key city of economy on the south wing of Yangzte Delta. Since the adoption of the reform and opening-up policy, especially since the year of 1992, the GDP of Hangzhou has increased at an average speed of 22.3% annually, the total volume of economy has had constant increases, comprehensive economic forces have been strengthened obviously, the main economic norms have entered into the front ranks of 36 big and middle-sized cities in China. The total domestic output value of the city in 1997 is 103.6 billion yuan, per capita domestic output value has reached 17,000 yuan, realizing the target to achieving 10000 yuan of per capita domestic output by the end of this century, an advance of 5 years.
Hangzhou has good industrial basis with a fairly large scale industries. The total output value of 1997 has reached 165200 million yuan, a 16.4% increase over the previous year. Hangzhou's industries are mainly processing industries with outstanding comprehensive priorities. The business of textile, silk, machinery, electronics, chemicals, medicine, light industry, food processing, etc are the main important industries. In recent years, Hangzhou has adhered to the development of high-tech industry, has boldly introduced foreign investment to "remold" the outmoded enterprises, and attached great importance to the development and creation of new products, to the production of "famous, special, and excellent" products. The technical innovation investment of 1997 is 4000 million yuan, the newly developed digital color TV, multi-medium computer, freon-free refrigerator, adhesive-bonded fabrics, refuse incineration project have all passed the appraisal inspection. The preparations and applications for setting up the technological development center for the State enterprises is now under the way. Groups of dominant enterprises and large-scale group companies, which are headed by the famous brand products and connected by the capitals have appeared in recent years. The general quality of Hangzhou industries has been consequently improved. In 1997, the total industrial sales value has reached 158.9 billion yuan, the general profits of the industrial economy has been obviously above the national average level.
The rural area around Hangzhou is famous for its high productive agricultural products, such as cocoon silk and tea, fruits and other agricultural byproducts. It is described as "Land of fish and rice, Town of silk and tea, field of fruits and flowers". The local specialties such as West Lake Dragon Well green tea, Yuhang silk and cottons, Xiaoshan red bayberry, Tianmu dried bamboo shoots, Changhua chestnut, Jiande strawberry, Fuyang Fuchun river hilsa herring are all well known. The vast area is composed by more than 18 million mu moutainous area, 1.7 mu odd water field, and 3 million mu odd ploughing land. The land is fertile with plentiful rainfall. The climate here is temperate and the resources are abundant. In recent years, Hangzhou municipality has positively readjusted the agricultural products mix, while stabilizing the grain production, and speeded up the industrialization of the agriculture. The opening-up type agriculture has achieved new development.
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