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在线翻译:
szdaily -> Opinion -> 
Summit boosts Hangzhou’s high tech
    2016-09-05  08:53    Shenzhen Daily

    Wu Guangqiang

    jw368@163.com

    THE 2016 G20 Hangzhou summit, the 11th G20 meeting, will be concluding today in the picturesque city of Hangzhou, capital city of Zhejiang Province, and my hometown. It is the first-ever G20 summit hosted in China, and marks a watershed moment in the country’s push towards international cooperation — that being, China will play a more active role in promoting global growth and offer more practical solutions to global issues.

    Many may wonder what factors led to the decision to make Hangzhou host of the summit. Compared with Beijing, Shanghai or Shenzhen, Hangzhou is relatively insignificant in terms of economic size, financial or technological impact.

    Hangzhou’s charm and beauty as evident by its West Lake is definitely fascinating to world leaders. Yet sheer natural beauty is not sufficient for Hangzhou to be selected as the venue for one of the most important international events.

    Despite her moderate size as a city, Hangzhou is now one of the Chinese cities with the fastest growth in Internet-based and high-tech industries. A study conducted by Peking University in April shows that Hangzhou ranked at the top of the Internet Financial Development Index of China, well ahead of Beijing and Shanghai.

    Historically, Hangzhou has had a gene for “interconnection” and openness. Few foreigners have heard of the Beijing-Hangzhou Grand Canal, another ancient Chinese wonder besides the Great Wall. The 1,794-kilometer artificial river, the world’s longest one, links Beijing with Hangzhou, passing through the city of Tianjin and the provinces of Hebei, Shandong, Jiangsu and Zhejiang. It has played a vital role in promoting faster trading between different parts of the country and improving China’s economy for centuries.

    Once the capital city of the Southern Song Dynasty (1127-1279), Hangzhou has attracted foreign visitors for hundreds of years. Marco Polo, the Italian traveler of the 13th century, visited Hangzhou and lauded it as “the world’s most magnificent and noble city.”

    In 1972, U.S. President Nixon and Chinese Premier Zhou Enlai met in Hangzhou for part of the negotiation for the China-U.S. Joint Communique that led to the resumption of the formal diplomatic ties between the two nations.

    Now Hangzhou is poised for turning into one of the world’s high-tech innovation centers and a hub of Internet-based business. Home to the world’s largest e-commerce company Alibaba, Hangzhou boasts over a third of China’s e-commerce websites.

    In many ways, Hangzhou is a global trend-setter in economic development. There have emerged numerous e-commerce companies covering online payment, cloud computing, express delivery, online marketing, including the world’s largest B2B e-commerce platform, retail sales platform and e-payment platform.

    The World Bank has named Hangzhou as China’s Best City for Overall Investment Environment for years and Forbes placed Hangzhou at the top of its list of Best Business Cities on the Chinese mainland.

    Alibaba is influencing global business with its advanced concept: providing businesses with a fourth indispensable resource after water, power and land, that is, an Internet-based business ecosystem.

    

    The new horizon is emerging: tens of thousands of small and medium enterprises are benefiting from a great variety of online and offline services based on such cutting-edge technologies as big data and cloud computing, which make trading faster, easier, more efficient and economical. The Internet-plus concept is giving birth to new formats of business: online finance, logistics, health care, tourism, education and environmental protection.

    Hangzhou has made an ambitious plan to emerge as one of the world’s science and technology centers: creating the Hangzhou Western Corridor of Scientific Innovation, covering 224 square kilometers.

    As planned, by 2020 the new “Silicon Valley” will attract 300,000 talents, over 100 world-class scientific research institutions, 1,000 high-tech enterprises and 10,000 small and medium businesses.

    Hangzhou’s lofty aspirations symbolize China’s unstoppable rise.

    (The author is an English tutor and freelance writer.)

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Shenzhen Daily E-mail:szdaily@szszd.com.cn