Recently, several central media such as People's Daily and Xinhua News Agency have focused on the high-quality economic development of Hangzhou. What's the fuss about Hangzhou's economy?

Hangzhou promotes transformation of innovation achievements. Hangzhou invests 15 percent of its new financial resources in sci-tech innovation every year. Hangzhou Chengxi Sci-tech Innovation Corridor is home to five provincial laboratories like Zhejiang Lab, as well as 3,354 national high-tech enterprises and 91 national sci-tech innovation platforms. They boost application of more sci-tech achievements in enterprises, and cultivate new productive forces.

Hangzhou focus on future industries. Hangzhou Future Sci-tech City develops future industries, including future network, future healthcare, and metaverse. Hangzhou Shenhao Technology Co., Ltd. displays the extensive application of robots, digital humans, and other digital technologies.

Hangzhou’s government supports small enterprises. In Hangzhou, there are 60,000 small & medium-sized catering enterprises, occupying 82 percent of all catering enterprises. The support policies and services of the government departments provide convenience for them to start up business.