The charm of Hangzhou to create the world’s industrial investment’s preferred place

Hangzhou has always enjoyed its laudatory title “Heaven on the earth”. Now Hangzhou is changing from an old city with beautiful scenery and graceful temperament to a world famous city with rapid economic development, strong innovation vitality, which is full of life happiness, emotion, temperature, and altitude. Recently, Hangzhou is making every effort to build a “1+6” industrial structure, the key of the structure is to build a trillion-level digital industrial cluster. At the same time, Cultural and creative industries and biomedical industries have also become new engines of economic development in Hangzhou. 

Digging gold in the digital economy, Hangzhou ranks as the first team in the artificial intelligence industry

In recent years, Hangzhou has attached great importance to the development of the artificial intelligence industry to construct Hangzhou’s new industrial advantages. On July 5, 2017, Hangzhou issued the “Digital Hangzhou” development plan, which regards the digital economy as the “No. 1 project” and regards artificial intelligence as the key field to promote the development of the digital economy and enhance the competitiveness of the city.

According to data released byEO Intelligence,Hangzhou has become the fourth most popular artificial intelligence development city after Beijing, Shanghai, and Shenzhen with excellent indicators. The number of mature artificial intelligence enterprises in Hangzhou is in third place in China, equal to Shenzhen; the number of startups outnumbered Guangzhou, ranking fourth, and breaking the traditional superiority pattern of Beijing, Shanghai, Shenzhen and Guangzhou.

Hangzhou has obvious advantages in the policy basis of artificial intelligence. Since 2016, Hangzhou has issued four relevant policy documents, such as “Plan of Science and technology innovation corridor in the west of Hangzhou”, “13th five-year plan”, and other relevant policy documents to promote the development of artificial intelligence.

In the first half of 2018, the added value of Hangzhou’s digital economy was 159.2 billion yuan (RMB), with an increase of 14.7%, a growth rate higher than GDP by 7.1 percentage points, accounting for 25.0% of GDP. Among them, the added value of cloud computing and big data in the first half of this year was 59 billion yuan. In the whole year of 2017, the added value of cloud computing and big data exceeded 100 billion yuan, and the added value of the robot industry reached 1.998 billion yuan in 2016.

The basic technology chain of Hangzhou AI industry chain has been constructed. In the field of computer vision, Hikvision has won the first place in the world in the MOT Challenge. Hikvision is the first in the computer vision multi-target tracking algorithm. In terms of speech / semantic recognition, Hangzhou Yunge Information Technology Co., Ltd. has developed the speech cloud service platform based on precise recognition of complex semantic intelligence and intelligent voice remote control system by adopting the six key core patent technologies. In the field of smart chips, Fin FET is 16nm, which is one of the most advanced semiconductor processes that can achieve mass production in China.

However, AI and other technological innovation fields generally involve large investment, slow effect, and difficult landing. Therefore, Hangzhou actively strives to break the situation. Hangzhou is vigorously accelerating the investment and operation of government industrial funds and increasing the support of government industrial funds to future industries such as artificial intelligence. According to incomplete statistics, almost 60 AI start-ups have received financing, with a total of 88 times and a total investment of 2.5 billion yuan

Hangzhou is building a globally influential biomedical innovation city

The bio-pharmaceutical industry is an important part of the “1+6” industrial cluster in Hangzhou during the 13th Five-Year Plan. Hangzhou plans to add 100 billion yuan to the city’s health industry by 2020, an average annual growth of 15%, accounting for about 7% of the region’s GDP.

In May, Hangzhou issued the “Suggestions on promoting the innovation and development of Hangzhou’s biomedicine industry” to plan the future of Hangzhou’s pharmaceutical industry in terms of supporting the application of innovative products and strengthening financial support. Hangzhou has put forward the construction and development strategy of “information port” and “new drug port” to build a pharmaceutical industry cluster, promote the continuous expansion of the scale of Hangzhou’s pharmaceutical industry, and enhance its innovation ability, enterprise strength, industrial agglomeration.

At present, Hangzhou’s bio-pharmaceutical industry is developing rapidly, with a total output value of 50.79 billion yuan in 2017, an increase of 22.9% over the same period. The added value of pharmaceutical manufacturing above designated size was 20 billion 420 million yuan, up 21.2% over the same period last year. In 2008, there were 1,662 pharmaceutical enterprises in Hangzhou. 536 new biomedical enterprises were set up from January to June, up 27.71% over the same period last year. Among China’s pharmaceutical market capitalization top20 ranks, Hangzhou ranks seventh with 7 listed companies.

Hangzhou is the initiator of a special dual-currency fund for the bio-pharmaceutical industry of 10 billion yuan levels. Hangzhou focuses on investing in Bio-pharmaceutical enterprises both at home and abroad, helping its products to enter the global market effectively, and actively introducing venture capital companies and teams mainly in the field of bio-medicine. Icotinib, the first truly commercially significant innovative drug in China, was born in Beida Pharmaceutical Industry in Hangzhou, selling more than 100 million yuan, greatly reducing the import price of similar drugs abroad.

Hangzhou has nurtured a large number of mature industrial platforms, such as Medicinal Harbor Town, Biomedical Hi-tech Industrial Park and Intelligent Health Town, which have attracted seven of the top ten pharmaceutical giants in the world, such as Pfizer, Mercedes, Bayer and so on.

Hangzhou is also trying to run the leading biomedical data platform in China, analyzing large data of hospitals, insurance, and other institutions, identifying research and development goals and shortening the research and development cycle. Hangzhou has also invested 1.5 billion yuan to build a public service platform for biomedicine public services, which integrates the functions of centralized trial technology services, special materials supply, intellectual property rights and the transformation of scientific and technological achievements.

Hangzhou is building an international cultural and creative center, the fashion city is waiting for come true.

In recent years, the development of the cultural and creative industry becomes a new trend in the development of the world economy and it is also a strategic choice of many countries. Cultural and fashion creative industry also plays an important role in the context of China’s new economic normalization, industrial restructuring and upgrading. As one of the eight ancient capitals of China, Hangzhou’s profound historical and cultural heritage and excellent cultural traditions provide an innate advantage in developing cultural creativity and fashion industry.

Both the cultural industry and the fashion industry belong to the “eight trillion” industry in Zhejiang. It is reported that since 2007, the cultural and fashion creative industry has promoted to the strategic height. Hangzhou has fully promoted the creation of international cultural and creative center, cultural and creative industries will become the new mainstay industry of economic growth. At the same time, as a light industrial city, Hangzhou has a solid foundation for the development of the fashion industry. Light industry and fashion industry can develop synergistically. It becomes an important pole of Hangzhou’s promotion of industrial structure upgrading and high-quality development under the background of the new economic normal.

Hangzhou comprehensive strength of cultural and creative industry has developed to the top of the country. The data shows that from 2007 to 2017, Hangzhou’s industrial added value of cultural and creative industry increases from 43.278 billion yuan (RMB, the same below) to 304.1 billion yuan, an increase of more than 6 times. The proportion of cultural and creative industry in GDP increases from 10.5% to 24.2%, it is beyond Beijing and Shanghai and reaches the level of advanced cities in the world. At present, Hangzhou lead the country in the five major cultural and creative industry, it includes digital content, film, and television, animation games, creative design and modern performing arts. The digital content industry develops rapidly that become a new bright spot in the cultural and creative industries.

According to statistics, the city’s digital content industry realized an added value of 187 billion yuan, a year-on-year increase of 28.5%, accounting for 14.9% of GDP in 2017.

In 2017, the total output of Zhejiang fashion industry reached 12,305.900 million yuan, a year-on-year rise of 18.3 percent. As early as 2015, the sales revenue of the fashion industry manufacturing in Hangzhou was about 100 billion yuan.

At present, Hangzhou’s fashion industry development Scale has ranked the forefront of Zhejiang province. In the future, Hangzhou aims to become a high-end design and research center, intelligent life manufacturing center, fashion art communication center, exhibition and experience consumption center, and talent entrepreneurship innovation center of Chinese fashion industry.

In terms of cultural and creative industry related platforms and brand construction, Hangzhou is also full of bright spots. Up to now, Hangzhou has 10 state-level cultural industrial parks (bases) and 24 city-level cultural and creative industrial parks. Among them, 24 city-level cultural and creative parks have built up an area of 8,543,100 square meters,the usable area has reached 7,445,500 square meters, with 5,770 cluster enterprises. Hangzhou currently has 17 key enterprises of cultural export in Zhejiang Province, 30 listed cultural and creative enterprises and 100 listed on the new third board.

In terms of fashion industry, there are 560 enterprises in Hangzhou that their own brand product sales accounted for more than 70% of the main business income, accounted for about 15% of the province in 2005; It has leading companies such as Kaixiya Company, Shengao Group and Mark along Jewelry; Among the provincial key enterprises and brands identified in 2015, 10 enterprises and 23 brands in Hangzhou were included, accounting for 16 percent and 21 percent, respectively.

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