Shaoxing Paojiang Economic and Technological Development Zone. [Photo/zjol.com.cn]
Shaoxing Paojiang Economic and Technological Development Zone was established in July 2000. In April 2010, it was upgraded to a national-level economic and technological development zone. The population of the district is about 300,000.
Covering a jurisdiction area of 118.3 square kilometers and a planned construction area of 66 sq km, the Paojiang Economic Development Zone focuses on six major industries, covering modern textiles, plastic chemicals, machinery manufacturing, food and beverage, biomedicine, energy conservation and environmental protection.
The district boasts an advanced transport system. Located in the southern part of the Yangtze River Delta area, it is about 190 kilometers from Shanghai, 50 km from Hangzhou and 116 km from Ningbo. It takes 15 minutes to drive to the Shaoxing North Railway Station and 35 minutes to the Hangzhou Xiaoshan International Airport. It is also adjacent to large ports such as Ningbo Port.
In 2017, the GDP of the district achieved year-on-year growth of 6.4 percent and the industrial added value increased by 7.3 percent. The zone saw total contractual foreign investment of $176.02 million, a year-on-year increase of 593.3 percent. The total import and export volume reached 22.66 billion yuan ($3.35 billion).