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Business / Economy

Zhejiang's Hangzhou joins the trillion-yuan GDP club

(Xinhua) Updated: 2016-01-26 11:28

HANGZHOU -- 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 released on Monday.

Hangzhou is home to a thriving private sector and the headquarters of e-commerce company Alibaba.

GDP per capita in Hangzhou reached $18,025 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.

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