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Hangzhou’s growth story symbolizes China’s ongoing transition from manufacturing to a technology and services-based economy. The city has leveraged a thriving services sector, strong tourism and financial industries, and a growing tech scene to become one of the most successful cases of a Chinese city transcending its old growth model and achieving ‘the Chinese dream’. JLL’s 2017 City Momentum Index ranked Hangzhou 26th out of 134 cities globally, joining the Top 30 alongside Tier 1 Chinese cities like Shanghai and Beijing.
Hangzhou’s dynamism has a number of key drivers:
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19 March 2017