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Hangzhou Hi-Tech Industrial Development Zone was set up with approval from the State Council as a state level Hi-tech Industrial Development Zone in March 1991. The HHTZ is composed of three parts, with the main regions being the Zhijiang Sci-Tech Industrial Park and Xiasha Sci-Tech Industrial Park. HHTZ has become one of the most influential hi-tech innovation and hi-tech industry bases in Zhejiang Province. As of 2013, HHTZ hosts more than 1,100 software developers and BPO enterprises. Major companies such as Motorola, Nokia and Siemens have established R&D centers in the zone. In 2011, the GDP of the zone rose by 13.1 percent, amounting to RMB 41.63 billion. This accounted for 5.9 percent of Hangzhou's total GDP. The HHTZ positions itself as the "Silicon Valley" of China.
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