Tertiary Industry

1. Key industries
The  service  industries continued  to develop  rapidly,  increasing 0.5 percentage points  compared with  the  previous  year.   The  eight   service  indust ries which  Hangzhou  focused on were  the  tourism  industry, cultural  creative  industry, commerce and  logistics  industry,  the  financial  services  industry,  information  services  and  software  industry,  intermediary  services  industry,  real  estate  industry, community  services  industry. The added  value of production of 2008  increased 7.3 percent, 17.6  percent, 9.1 percent, 16.6 percent, 23.6 percent,percent,  16.1 percent, -3.4 percent and 10.1 percent respectively.

2. Banking and Insurance
The construction of  financial center city  in Yangtze  River Delta was  progressed  positively.  The  realized  value-added of  this  sector  totaled 39.043 billion yuan,  up by 16.6 percent over  the previous year. By  the end of  2008,  there were 215 banking agencies of various  sorts  in Hangzhou and  included 8  foreign-funded  financial  agencies.  The  saving  deposits  of  RMB  and  foreign  exchange  from  all  financial  institutions  in Hangzhou  amounted to 1133.335 billion yuan and the loans of RMB  and  foreign exchange  from all fi nancial  institutions stood  at 1006.903 billion yuan, going  into  the  trillion yuan city  ranks. The  insurance  industry developed  soundly. There  were 54  insurance companies of various  sorts and  the  annual premiums of  insurance  companies  in  the  city  gained 14.621 billion yuan, up by 35.2 percent.

3. Domestic Trade
The  sales of commodity market were prosperous.  In  2008,  the wholesale and  retail  trade enterprises above  designated size whose sale value of commodities reached  839.409 billion yuan,  increased 17.3 percent comparede  with the last year. The sale value was No. 5 in the nation,  second only  to Shanghai  in  the Yangtze River Delta. The  total  volume of  commodity  sales numbered 155.838  billion yuan, up by 20.2 percent. That of catering  trade  was  17.642  billion  yuan,  up  by  23.3  percent, which  was  the  top growth     of all  trades, dazzling eyes  in  the  commodity market.

4. Featured Commerce Streets
The brand value and culture connotation of the 10 featured  commerce  streets continued  to be promoted,  including  Hubin Featured Tourist and Commercial Street, Qinghefang  Featured Historic and Cultural Street, Nanshanlu Featured Art  and Leisure Street, Featured Silk Street, Wulinlu Fashion Dress  Street, Sijiqing Featured Clothing Street, Wensanlu Electronic  Information Street, Xinyifang Commercial Walking Street  and Meijiawu Tea Culture Village, Shi Xiang Road motor  vehicle  trade block etc. The service  function of shopping  and visiting & resting gradually  tends  to reach perfection as  well as  the mutual effectiveness of commerce and  tourism  gradually comes  into  sight. The artwork warehouse and  designer warehouse of China Silk City R&D Center were built  in  the Featured Silk Street;  the  title of Exemplary Street  in  the campaign of “No Fake  in 10,000 stores of 100 Chinese  Cities” was awarded to Wulinlu Fashion Dress Street; Sijiqing  Featured Clothing Street gained the title of “the First Costume  Street  in China”; Hangzhou Digital Entertainment  Industry  Park  in Wensanlu Electronic  Information Street was  first  named  in China as “National Digital Entertainment  Industry  Exemplary Base” by China Culture Ministry; Qinghefang  Featured Historic & Cultural Street, Featured Silk Street,  Nanshan Road  , Wulin Road   and Shixiang Road were all  named  the  titles as “Chinese Famous Commercial Street”“Chinese Featured Commercial Street” and “Chinese Most  Prospective Commercial Street”.

5.Markets of Production Means
Various  sorts of production means markets developed  further. By  the end of 2008,  the number of  listed companies  in Hangzhou  accumulated 66, which  increased 6 new  companies than those in the end of the previous year. Of the  total, 42 companies listed on China stock market as well as 16  companies listed in the oversea stock markets. In 2008, money  raised through stock markets reached 2.771 billion yuan in the  whole year. The  transaction volume of  the  future exchange  agency totaled 1,240 billion yuan. Meanwhile, 92,100 property  right deals,  involving over 224.93 billion yuan, were sealed  in  the year, up by 8.1 percent. The Real Estate Center  traded  a  total of 178.56 million  square meters of housing. There  were 701 commodity markets in the city with the transaction  volume of 251.8 billion yuan, up by 16.7 percent.

6. Transportation
 Railroad Transportation 
Hangzhou  is an  important hub of railroad  transportation  in  the  southeast of China with  two arterial  railroads of  Shanghai-Hangzhou double  tracks and Zhejiang-Jiangxi  double  tracks as well as Xuancheng-Hangzhou  track and  matching Xiaoshan-Ningbo  track,  Jinhua-QiandaoLake  track and Hangzhou-Changxing  track. There are 2 railroad  transportation hubs of Chengzhan  and Dongzhan  in  Hangzhou.  In 2008,  the annual  transported cargo  totaled  4.8276 million  tons,down by 15.7 percent, and  the volume  of passenger transportation in the whole year reached 24.98  million person-trips, up by 10.8 percent.

 Civil Aviation Transportation
New  improvement was achieved  in  the construction of  airport. By  the end of 2008,  there were 193  flight  routes  built  in  the Xiaoshan  International Airport,  including 30  international routes and 8 Hong Kong, Macao and Taiwan  routes. Throughout  the year  there were 118,600  flight  movements, up by 3.4 percent. The volume of passenger  transportation handled by  civil  aviation  amounted  to  12.6732 million person trips, up by 18.3 percent and that of  transported cargo stood at 126.000  ton, up by 9.2 percent.

  Highway Transportation
Hangzhou  is  the  converging  point  of  Shanghai-Hangzhou-Ningbo Expressway, Hangzhou-Jinhua-Quzhou  Expressway, Hangzhou-Huizhou Expressay, Hangzhou- Xinanjiang-Jingdezhen Expressway and Hangzhou-Pudong  Expressway.  In 2008,  the  transportation  construction  of Hangzhou continued  to be  impelled  rapidly and  its’  completed  investment  reached 6.475 billion yuan  in  this  year. By  the end of 2008,  the  total  length of  the city’s  road  reached 14,700 kilometers,  including 494 kilometers  of expressway. The motor vehicles of  the city continued  to  increase drastically. By  the end of 2008,  the year-end  amount of motor vehicles  reached 1.3954 million and of  which  the private cars were 565,200, up by 5.2 percent  and 18.3 percent respectively.

   City Transportation
The ability of city  transportation operation continued  to  be  improved.   By  the  end  of   2008,   there were  549  bus  routes  in  urban  district,  36  new  routes,  44  optimized  routes were built. A  total of 7,030 buses were  in Hangzhou,  including 1,713  increased or  renewed  public  vehicles. 187 new bus  stations were built  and  the passenger volume of public  transportation  in urban  area  reached 1,116 million person-trips. The unification  of public  transportation between old urban and Yuhang  had been  realized. The construction of subway achieved  new breakthrough. The accumulated volume of project  investment, 7.468 billion yuan, of which 4.367 billion  yuan invested in 2008, was completed.

7. Post and Telecommunications
The post and  telecommunications  industry continued  to  develop.  The  total  telecommunicat ions  revenue  reached 1,093 million yuan, up by 20.4 percent over  the  previous year. The  radiant network of EMS  reached 221  countries and areas. During the year, 8.631 million copies  of domestic EMS were completed, up by 54.7 percent  and 270,700 copies of international EMS were completed.  The revenue of telecommunications totaled 11.559 billion  yuan, up by 7.9 percent. By the end of the year, local fi xed  telephone users numbered 4.2857 million, basically  the  same as  the previous year and  there were 8.8019 million  mobile phone users , up by 8.77 percent.

8.Real Estate
The  real estate  industry was  in adjustment. The value-added of real estate in the whole year totaled 28.94 billion  yuan, down by 3.4 percent over  the previous year. The  space of commercial buildings completed amounted  to  8.9324 million square meters, down by 5.8 percent. The  fl oor space of the sold ones reached 7.1638 million square  meters, down by 37.7 percent and of which  the sale area  of dewelling was 6.2748 million meters, down by 39.9  percent; the sold commercial residential buildings stood at  6.1213 million square meters, down by 30.1 percent. The  sale of commercial buildings amounted  to 52.376 billion  yuan, down by 32.5 percent.

9.Tourism

Hangzhou advanced  the  tourism  industry structure and  service quality. The value-added of tourism achieved 26.096  billion yuan, accounting  for 4.3 percent of  the city’s GDP.  The accommodation facilities and measures had been further  perfected. By the end of 2008, the number of star level hotels  was 247, including 13 5-star hotels and there were 437 travel  agencies of various kinds in the city. Hangzhou owned a total  of 26 A sceneries  (spots), of which, 1 scenery was AAAAA- level and 19 sceneries were at AAAA-level. The number of  inbound and domestic visitors to Hangzhou reached 2.2133  million and 45.5167 million person-trips  respectively. The  tourism revenue crossed the 70 billion mark, reached 70.722  billion yuan, up by 12.2 percent.

Tourist Resources

Hangzhou  is one of  the most  famous  scenic  spots. owning  two state-level  landscape sceneries  ----  the West  Lake Scenery and  the Two Rivers & One Lake Scenery  (Fuchun River——Xin’an River——Qiandao Lake),  two  state-level nature preserves  ---- Tianmu Hill Preserve  and Qingliang Mount Preserve, 7 national  forest parks ---- Qiandao  Lake,  Fuchun River, Daqi Hill, Wuchao  Hill, Qingshan Lake, Shangougou, and Yaolin, one state- level holiday  resort  ---- Zhijiang National Tourist Holiday Resort, and  the  first  state-level marsh  in China  ---- Xixi  National Wetland Park. Hangzhou also boasts 24  state- level protection units of key cultural relics and 6 state-level  museums. Hangzhou possesses over 120 scenic spots with  an annual  reception capacity of more  than 10  thousand  person-trips  for each  spot. The  title of “the Best Tourist City” was achieved  set by World Tour Organization and  China National Tourism Administration; the title of “Leisure  City in East” was awarded by World Leisure Organization.

The West Lake Scenery

With  a  total  area of nearly 60  square  kilometers,  integrating  famous  scenic  spots,  relics,  gardens, hills,  rivers, greenery, verdant  trees and grass, deep &  serene  streams  and brooks,  the West  Lake  Scenery presents  beautiful scenes all the year round. The old Ten Top Views  and the New Ten Top Views have awwdded radiance and  beauty  to each other. The  famous  scenic  spots,  such as  Lingyin Temple, Yuefei Temple, Six Harmonies Pagoda,  West  Lakeshore, Qianwang  Temple  etc.,  are  known  all over  the world. The  fine  scenic  spots,  including  the  southern  line around  the  lake, Leifeng Pagoda, Wansong  Academy of Classical Learning,  the Yanggong Causeway  Scenic  Spot,  Santai Hill, Meijia  villages  and Beishan  Street,  are  constructed  and  open  to  the  public,  and  overwhelming praises were  received  from domestic and foreign  tourists as well as numerous natives.  In 2005,  the  West Lake Scenery was one of  the  sceneries which  first  were awarded “National Civilized Scenery”.

The Two Rivers & One Lake Scenery

With clear  flowing water as  the main  scene, Fuchun  River——Xin’an  River——Qiandao  Lake  Scenery, characterized by 1,000  Islands  in Green Lake, Beautiful  Hills and Clear Water, Rich Culture with Long-standing  History and Excellent Ecological Circle,  is another  state- level  scenery  in Hangzhou.  It owns unique calm  lakes,  gorges, numerous islets, amazing hills, water-eroded caves,  waterfalls and historical  saga. There are many  famous  scenic spots, such as Guan Hill, Funny Rural Households  on Xinsha Island, Tongjun Hill, Yaolin Wonderland, Hermit  Yan Ziling’s Angling Terrace, Tianmu Stream Rafting, Daci  Rock, Lingxi Cave, Jiuxing Fishermen’s Wedding Ceremony,  Twin Pagodas Piercing  the Cloud, Seven-li Rapids Sailing  and Qiandao Lake.  In  the upper breach of Qiandao Lake  is Tunxi, Anhui Province.   The Two Rivers & One Lake  Scenery, which connects  the West Lake Scenery and  the  Yellow Mountain Scenery, is renowned Golden Tourist Line  to the south of the Yangtze River.

Xixi National Wetland Park
Hangzhou Xixi National Wetland Park locates in the west of urban district, less than five kilometers from West Lake, with area about 11 squsre kilometers, a total investment of more than 10 billion yuan.Hangzhou Xixi National Wetland Park is the fi rst state-level marsh park in China. With plentiful ecological resource, plain natural landscape and deep cultural sediment, Xixi National Wetland Park is the only state-level marsh park of city wetland, farming wetland and culture wetland in China and is noticed as Hangzhou “3 Xi” with West (Xizi) Lake and Xiling Seal-Engravers’ Society.

Tidal Waves of Qiantang River
Qiantang River passes through Hangzhou into East China Sea, which tidal waves are as famous as those of the Amazon River. With lasting charm, they have been viewed for more than one thousand years. The Grand Qiantang Tidal Waves Watching Festival is held on the 18th day of the eighth month in China’s lunar calendar every year, which attracts hundred thousands of domestic and foreign tourists. On that day, a splendid sight is presented by the surging waves and the tempestuous crowds. Xiaoshan and Babao are excellent places for watching the waves.

Zhijiang National Tourist & Holiday Resort

Hangzhou Zhijiang National Tourist and Holiday Resort is one of the twelve state-level tourist & holiday resorts approved by the State Council with a planned area of 50.68 square kilometers. Recreation & Service, Tourism and Real Estate are its pillar industries. Within the resort, those tourist projects are displayed and have become new focuses for domestic and foreign tourists, including displaying the South Song Dynasty culture of Song Town and the international standard golf course etc.

Comprehensive Protection Project to the Grand Cannel
The comprehensive project of renovation and protection to the Grand Cannel (Hangzhou section) was one of the “10 Big Projects” in Hangzhou. The general tasks are to return cannel to people, apply World Heritage and build world-level tourist products. The scenery of One Museum, Two Belts, Two Places, Three Parks, Six Docks and Fifteen Bridges was built; the protection of 5 ruins was completed, such as the test section of Xiaohezhijie History & Culture Street, Sanglu, Guangji Bridge, Fuyicang, the Long March Chemical Plant etc. The Qiantang River, Yuhangtang River and Shangtang River golden tourism route, the cannel as the center, was accomplished.

Tourist Festivals
Hangzhou held a series of influential and featured tourist festival activities, mainly including the West Lake International Tea Culture Festival ( Dragon-Well Tea Opening Festival, West Lake International Tea Party, Chinese Tea-Saint Festival and so on), the West Lake International Firework Festival, the West Lake International Silk Fashion Festival, the West Lake Lotus Festival, the West Lake Meeting on Foot, the Wu Hill Temple Assembly, China (Xiaoshan) International Tide Watching Festival, Chun’an Qiandao Lake Beautiful Water Festival, and China Tianmu Mountain Forest & Tourist Resource Expo etc.

The 2008 10th China Hangzhou West Lake Expo
On October 18 to November 8, 2008, Hangzhou presented to public — Hangzhou 2008 10th China Hangzhou West Lake Expo. The Expo arranged 102 activities, including conference, exhibition, culture & sports and sightseeing etc. the quantity of projects is the much most since the first Expo. A total of 10.2 million audiences were accommodated. The value of transactions was 10.8 billion yuan. Meanwhile, 1.049 billion US dollars of contracted foreign funds and 12.778 billion yuan of domestic investment were introduced. The 10th China Hangzhou West Lake Expo became the City "golden card" and the Travel "new bright spot", the "window" for the world know Hangzhou, Hangzhou to the world.

Culture Creative Industry
Encircling the construction of the famous cultural city and strategic objective of “Constructing the National Centre of the Culture Creative Industr y”, with the emphasis of 8 Industries, such as the Information Service Industry, the Animation Game Industry, the Design Service Industry, the Modern Media & Communication Industry, the Art Work Industry, the Education & Training Industry, the Culture Leisure & Tourism Industry and the Culture Conference & Exhibition Industry etc., the strength of Culture Creative Industry was enhanced continuously. The added value of the Culture Creative Industry was 57.986 billion yuan,up by 17.6 percent over the previous year at comparable price, higher by 6.6 percentage points than the growth of Hangzhou’s GDP. Its added value accounted for 12.1 percent of the whole city’s GDP. Agglomeration and popularity of the Culture Creative Industry upgraded continuously and it became the new bright, the new Blue Ocean in Hangzhou's economic and social development.

China International Animation Festival
Hangzhou had successfully held China International Animation Festival for consecutive 4 years.Guests form 7 countries and regions participated in the fourth animation, nearly 300 Chinese and foreign enterprises, signed 34 projects, trading volume was 5.05 billion yuan. In 2008, Hangzhou’s production of original animation 31 totaled 20,347 minutes, ranked second in various cities of China, and a total of 18 original works won award in the domestic and international, including 1 international award and 2 national awards.

Information Industry

Hangzhou is the national software industrialization base, the IC design industrialization base, the national electron-information industry base,the national hightech information industry base, the national animation industry base, national digital entertainment industry demonstration base, national service outsourcing base cities and the national comprehensive pilot city of advancing information, E-government, E-commerce and digital TV, as well as the fi rst pilot cities for the building of the incubation system for state-level scientific and technological enterprises. In 2008, the main business income of the city’s information industry above th desiginated enterprises was 143.229 billion yuan(not including telecom operations), of which the software business income was 35.059 billion yuan, up by 16.8 percent. 19 companies, software as the core, listed in domestic and foreign including Hundsun, Sunyard, Singlee, Sinostride and Silan Microelectronics etc. 10 companies listed in “2008 China's software revenue in the top 100 companies list”; two companies ranked national software products top ten; 15 enterprises were identifi edas the year 2008 with the focus of na t io nal pla nning software enterprises; 2006-2008 Zhejiang top ten software enterprisesare all Hangzh u enterprises.

IT Infrastructure Construction
IT infrastruc ture construc tion continued to be impelled. By the end of 20 08, there were 1.3961 million Internet users , up by 15.9 percent The internet connection bandwidth reached 218.7 G, up by 85.8 percent compared with as the end of the previous year. Meanwhile, there were 81.74 computers and 180.87 mobile phones owned per 100 urban households.

IT Application
The application of IT expands to extent and deep, relating a lot of fields, such as Intelligence traffic, social security, E-business, E-governement etc. By the end of 2008, Hangzhou issued a total of 1.977 million citizen cards.

Informationlized Government
Hangzhou had fundamentally established the basic framework of E-government network and taking the government of the website. The home page of the website, Hangzhou/China portal provided 9 kinds of information. In 2008, the number of website browsed reached 108 million person-times. City e-government network has covered 15 districts and counties (cities) and nearly 100 municipal units.