Hangzhou is famous for the beautiful West Lake. It is said that there is Paradise above, Suzhou and Hangzhou are below, that is the best praise given to this city. The West Lake was inscribed on the World Heritage List in 2011. The e-commerce industry is flourishing in Hangzhou and Alibaba, a world-renowned e-commerce company, is located here. 1.
Hangzhou is a financial center, a traffic hub for southeast China and one of the wealthiest cities in the mainland. While Hangzhou has a slightly higher cost of living, it remains to be a cheaper alternative to its neighboring cities, namely, Hong Kong, Shanghai and Guangzhou.