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Innovation zone
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The State Council, China’s cabinet, has approved Hangzhou’s plan to set up a national innovation demonstration zone in Xiaoshan District and asked the Zhejiang provincial government to support the zone project with policies.
The zone will be the 10th in China. Similar zones already exist in Beijing, Wuhan, Shanghai, Shenzhen, southern Jiangsu, Changsha, Tianjin, Chengdu and Hefei.
Earlier in March the State Council also approved the establishment of the China (Hangzhou) Cross-border E-Commerce Pilot Zone.
Hangzhou wants to make the innovation demonstration zone a global leader in the application of Internet Plus technologies.
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