Hangzhou joins the trillion-yuan clubStaff writer ▼ | January 27, 2016
The GDP of Hangzhou, capital of Zhejiang Province, grew by 10.2 percent to one trillion yuan ($150 billion) in 2015, according to official statistics.
China Hangzhou is home to the headquarters of Alibaba
Hangzhou is home to a thriving private sector and the headquarters of e-commerce company Alibaba.
GDP per capita in Hangzhou reached 18,025 U.S. dollars last year, according to the municipal bureau of statistics.
Other Chinese cities in the one-trillion-yuan club include Beijing, Shanghai, Guangzhou, and six others. ■