A panoramic view of Hangzhou High-tech Zone. (PHOTO: VCG)

By CHEN Chunyou & JIANG Yun

Hangzhou High-tech Zone (HHZ), covering about 0.1 percent of the land area of Zhejiang province, has created 2.8 percent of the province's GDP in the past decade, ranking in the first tier among 173 national high-tech zones.

HHZ has always regarded digital economy as its competitive industry. It has created a whole industry chain for the core digital industry, and proposed solutions to help the upgrade of traditional manufacturing industries.

To date, HHZ holds 24,148 invention patents, accounting for 25.4 percent of Hangzhou city, and winning 72 China Patent Awards. A total of 44 new "small giant" enterprises have been cultivated, and the number of high-tech enterprises has grown from 493 in 2012 to 1,928 in 2021.

Zhejiang Supcon Information Co.,Ltd., a service provider in building smart cities, has developed a technology with its business partners, which solved the difficulties of linkage control and high real-time performance in rail transit, improving the efficiency of integrated management and control.

Now, HHZ has formed industrial clusters in fields of intelligent manufacturing and intelligent health, becoming a national hub for developing digital economy and intelligent manufacturing industries, said Zhang Dengfeng, secretary of the party committee of HHZ.

In 2021, the added value of the core industry of digital economy in HHZ reached 159.62 billion RMB.

This April, HHZ issued an action plan proposing to build a world leading science and technology park.

At the Xiaoshan Special Cooperation Park, the headquarters of Cloudnine Information Technologies Co., Ltd., is under construction, with an estimated annual output value of seven billion RMB. Yu Yingtao, CEO of H3C, said this park will enhance the digital economy manufacturing strength in Hangzhou, and enterprises in the region will gain more space for development.

It is expected that the main business income of the core industries in digital economy would reach 600 billion RMB by 2025, according to an action plan for building a digital economy powerhouse between 2022-2025, released by HHZ this year.