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Statistics show Asian Games stimulates Hangzhou's economy
2021/06/11 11:26 Source: HANGZHOU CHINA

The 2020 Asian Games Hangzhou 2022's contribution to Hangzhou's economic growth from 2016 to 2020 was valued at about 414.1 billion yuan ($64.78 billion), according to the Zhejiang Provincial Bureau of Statistics.

From 2016 to 2020, the city invested over 224.8 billion yuan in major projects including metro lines, Hangzhouxi Railway Station, Hangzhou International Airport, and Asian Games venues.

Jobs were offered to about 670,000 people, accounting for 2.4 percent of the people finding employment during this period.

The total mileage of Hangzhou's metro lines increased from 81.5 kilometers in 2015 to 306.3 kilometers in 2020. It is expected that before the opening of the Asian Games next year, the city will have 12 metro lines, totaling 516 kilometers, in operation.

Twelve new sports venues are being built. Forty-three older venues and five athletes' villages are being renovated. These projects are utilizing new and innovative technologies, clean energy, new materials, and the internet of things. In addition, the number of 5G base stations in the city will exceed 30,000 by 2022.

Also growing with the economy is Hangzhou's population. According to the seventh census by the National Bureau of Statistics in 2020, Hangzhou is home to 11.94 million people, overtaking Wenzhou as the most populated city in Zhejiang.