HangzhouisamosteconomicallyvibrantcityinChina.ItslocalGDPin2014reached920.16billionyuanasitspercapitaof103,757yuanrankingfourthamongthecountry'sprovincialcapitalcities,fifthamongallthesub-provincialcitiesandtenthamongallcities.
Foryears,HangzhouhasbeenrecognizedbytheWorldBankashavingChina'sbestinvestmentenvironment.ForbesMagazinehasalsoconsecutivelyplacedHangzhouonitschartof"MainlandChina'sBestCitiesforCommerce".
AlibabaGroup,theworld'sbiggestonlineB2Bbusiness,andGeelywhichacquiredVolvo,arebothheadquarteredinHangzhou.