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Hangzhou ( or , HANG-joe; Chinese: 杭州, Hangzhounese pronunciation: [ɦɑ̃.tse], Standard Mandarin pronunciation: [xǎŋ.ʈʂóʊ] (listen)), also romanized as Hangchow, is the capital and most populous city of Zhejiang, China. It is located in the northwestern part of the province, sitting at the head of Hangzhou Bay, which separates Shanghai and Ningbo. Hangzhou grew to prominence as the southern terminus of the Grand Canal and has been one of China's most renowned and prosperous cities for much of the…
Hangzhou ( or , HANG-joe; Chinese: 杭州, Hangzhounese pronunciation: [ɦɑ̃.tse], Standard Mandarin pronunciation: [xǎŋ.ʈʂóʊ] (listen)), also romanized as Hangchow, is the capital and most populous city of Zhejiang, China. It is located in the northwestern part of the province, sitting at the head of Hangzhou Bay, which separates Shanghai and Ningbo. Hangzhou grew to prominence as the southern terminus of the Grand Canal and has been one of China's most renowned and prosperous cities for much of the last millennium. It is a major economic and e-commerce hub within China, and the second biggest city in Yangtze Delta after Shanghai. Hangzhou is classified as a sub-provincial city and forms the core of the Hangzhou metropolitan area, the fourth-largest in China after Guangzhou-Shenzhen Pearl River agglomeration, Shanghai-Suzhou-Wuxi-Changzhou conurbation and Beijing. As of the 2020 Chinese census, it had a total population of 11,936,010 inhabitants. However, its metropolitan area, populated by 13.035 million people over an area of 8,107.9 km2 (3,130.5 sq mi), consists of all urban districts in Hangzhou and 3 urban districts of the city of Shaoxing.Hangzhou has been repeatedly rated as the best commercial city in mainland China by Forbes, and it boasts the eight largest GDP among cities in mainland China with a GDP of around 1.8 trillion RMB ($280 billion). Home to the headquarters of world large tech companies such as the Alibaba Group, Ant Group and NetEase, Hangzhou is known for attracting professionals and entrepreneurs who work in information technology. Since 2014, its rapid population growth has led to a steady increase in local housing prices. According to the 2020 Hurun Global Rich List, Hangzhou ranks 11th in the world and 6th in China (after Beijing, Shanghai, Hong Kong, Shenzhen and Guangzhou) in the number of resident billionaires.
Hangzhou is a major city for scientific research in China. It hosts several notable universities, including Zhejiang University of Technology, Hangzhou Normal University, Hangzhou Dianzi University, Zhejiang A&F University, Zhejiang Sci-Tech University and China Jiliang University. In September 2015, Hangzhou was awarded the 2022 Asian Games. Its West Lake, a UNESCO World Heritage Site west of the city, is among its best-known attractions. A study conducted by PwC and China Development Research Foundation ranked Hangzhou first among "Chinese Cities of Opportunity". According to the Globalization and World Cities Research Network (GaWC), the city is classified as Beta (global second-tier) city, together with Chongqing, Nanjing and Tianjin in China. Hangzhou is also one of the world's top 100 financial centers, according to the Global Financial Centres Index. It will be the third Chinese city to host the Asian Games, after Beijing 1990 and Guangzhou 2010. Hangzhou also hosted the 11th G20 summit in 2016.