Jinhua, known as Wuzhou in the past, located in the middle of Zhejiang Province, has a history of more than 2,200 years. The coordinates of Jinhua are 119°14’E-120°46’30’’E and 28°32’N-29°41’N. Jinhua now has its jurisdiction over two districts (Wucheng and Jindong), four county-level cities (Lanxi, Yiwu, Dongyang and Yongkang) and three counties (Pujiang, Wuyi and Pan'an). As the fourth biggest metropolitan area in Zhejiang Province, it covers an area of 10,942 square kilometers and has a total population of 5.4 million, with an urban population of 939,200 (by the end of 2012).
Jinhua is a major transportation hub in Eastern China, with eight expressways (Shanghai-Kunming Expressway, Ningbo-Jinhua Expressway, Changchun-Shenzhen Expressway, Taizhou-Jinhua Expressway, Zhuji-Yongjia Expressway, and so on) crossing Jinhua. The Bullet trains started to serve the rail line from Zhejiang to Jiangxi in 2006. The Shanghai-Kunming high-speed Railway (350km/h) and the new Jinhua-Wenzhou Railway (200km/h) started operation at the end of 2014. The Ningbo-Jinhua Railway, Jinhua-Taizhou Railway and Jinhua-Huangshan Railway have been listed in the latest railway construction plan of Zhejiang Province. Jinhua-Taizhou Railway will start to be built in 2015. Yiwu International Airport is the second county-level medium-sized airport in China and the biggest airport in Midwest Zhejiang Province, which is 50km from downtown Jinhua and 10km from downtown Yiwu. In addition, there are six international airports and two domestic airports around Jinhua.
In 2013, the GDP of Jinhua reached 295.878 billion yuan, with the added value of the first, second, and third industries amounting to 14.020 billion yuan, 144.570 billion yuan, and 137.288 billion yuan respectively. The GDP per capita reached 62,688 yuan. The added value of the first, second and third industries accounted for 4.7%, 48.9%, and 46.4% of the regional GDP respectively. The profits of six major industries (including metal ware, textile, pharmaceutical manufacturing, electrical machinery, garment and automobile manufacturing) accounted for 49.6% of the profits of large industrial enterprises. The total volume of foreign trade reached USD 34.27 billion, with a total export volume of USD 32.53 billion and total import volume of USD 1.74 billion.
We are now facing profound changes of economic and social structure. These changes are bringing more intensified competition as well as opportunities of transforming and upgrading. The information economy is enjoying a rapid growth. Internet giants such as Alibaba, Tecent, Baidu and Sina have established bases in Jinhua. Four of the Top 100 China Internet companies are in Jinhua, among which 5173.com was assessed as a nationwide Key Software Enterprise.
There are over 2,000 e-commerce platforms in Jinhua, with more than 200,000 e-businessmen and over 120,000 cross-border e-sellers. The scale and competitiveness of the network economy of Jinhua, especially in industries such as e-commerce, software and IT services, service outsourcing, and cultural creativity, ranks only second to Hangzhou. Among the top 100 taxpayers in Dongyang, 26 are media enterprises. The scale of the software and information service industries has exceeded 20 billion yuan, with 3.5 billion yuan in profits and taxes and an average annual growth rate of over 40%; the trading volume of e-commerce was nearly 100 billion yuan, with an average annual growth rate of over 40% for the past three years; the output value of the online entertainment industry has reached 1.8 billion yuan, with a year-to-year growth rate of more than 69.8%; the output value of the cultural creativity industry has reached 3 billion yuan, with a year-to-year growth rate of more than 36.4%.
There are 709 full-time schools in Jinhua with 702,100 students in total, among which there are nine colleges and universities (to name just a few, Zhejiang Normal University, Zhejiang Normal University Xingzhi College, Shanghai University of Finance and Economics Zhejiang College, JCPT, Zhejiang Guangsha College of Applied Construction Technology, Hengdian College of Film and Television and Yiwu Industrial and Commercial College).