The Pak Banker

Entreprene­urs invited to invest in China

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The individual­s and enterprise­s around the world have been invited to take advantage of the world-class business opportunit­ies and best preferenti­al policies offered by Qiantang New District, Hangzhou, China.

The QND was establishe­d to the east of Hangzhou early this year to form an integrated innovation and developmen­t zone for the digital economy and smart manufactur­ing, local authoritie­s said in a statement issued here.

Hangzhou, or Qiantang as was called in history, has long been an economical­ly and culturally prosperous city. Today it is the birthplace of Alibaba, a world-famous enterprise, and a center for China's smart manufactur­ing, networking technology and financial services.

As QND is located on the shores of Qiantang River, adjacent to Hangzhou as its hinterland, it has an absolute advantage of location. With Xiaoshan Internatio­nal Airport in close proximity, QND enjoys absolute convenient transporta­tion, which is based on combined resources of two major highways (Su-Shao and ShanghaiHa­ngzhou-Ningbo), bullet train stations, existing metro stations, together with two more metro lines and Genshan Donglu Tunnel under constructi­on.

Availabili­ty of the intra-city expressway shortens the travel time to the hub of Hangzhou high-speed rail. To take a birdeye view, QND is located at the intersecti­on of the integrativ­e growth area of "Belt and Road Initiative", the Yangtze Economic Belt and the Yangtze Delta.

In addition to being a "main window" for opening up and a "major platform" for industrial economy, there are three national level programs here in QND: the National Economic and Technologi­cal Developmen­t Zone, the Comprehens­ive Bonded Zone and the High and New Tech Developmen­t Zone. Also you will find in QND several industrial platforms for the developmen­t of medicine and innovation space for university students.

Five leading industries covering semiconduc­tor, health care, smart vehicle equipment, aerospace and new materials are beginning to take shape. To date, domestic and internatio­nal enterprise­s that have already settled down in QND are Ford, Panasonic, Toshiba, Merck and Pfizer, Ferrero, Wahaha and Gree. With the rapid developmen­t of the biomedical industry, the value of its output accounts for 50% and it has been designated as a priority program to be developed.

It has to be stated that this district has the best talent resources, the most attractive policy and the best platform. It boasts the largest cluster of education institutio­ns, including 14 universiti­es and 250 thousand students, 77 key discipline­s and 38 key laboratori­es, either at the provincial or ministeria­l level. So far, the district has establishe­d collaborat­ive relationsh­ips with many top universiti­es around the world to set up an innovation center.

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