9 Jan 2017
Changsha (Hunan) City Information
|Major Economic Indicators (2015)|
|Land Area (km2)||11,819|
|GDP (RMB billion)||851.01|
|GDP Per Capita (RMB)||115,443|
|Retail Sales of Consumer Goods (RMB billion)||369.1|
|Utilised FDI (USD million)||4,405.8|
|Exports (USD million)||8,672.7|
|Imports (USD million)||4,291.6|
Source: Hunan Statistical Yearbook 2016
Changsha, the capital of Hunan in central China, serves as the financial and commercial center of the province. It is the largest city in terms of GDP in Hunan and ranked the 20th most competitive city in China in 2016 according to the Chinese Academy of Social Sciences.
Changsha is easily accessible by air, land and sea. It is a major stop on the Beijing-Guangzhou Railway. Changsha Huanghua International Airport, 20km from Changsha’s Downtown, offers regular domestic and international flights to cities including Bangkok, Seoul and Frankfurt. Changsha Port offers ferry services to domestic cities in Hunan. Given the conveninent transportation network of Changsha, it is designated as a national hub in MOFCOM’s development plan (2015-2020) of distributive trade and logistics.
The industry sector accounted for 42% of the GDP in 2015. Machinery, Chinese medicine, pharmaceuticals, new material, auto and auto parts are the major industries in the city.
Services accounted for 45% of the GDP in 2015. The wholesale and retail distribution, tourism, real estate, logistics and finance are important pillars of service sector.
Major Industrial Parks / Development Zones
1. Changsha High-tech Industrial Development Zone (state-level)
Target industries: Advanced manufacturing, information technology, new materials, pharmaceuticals
Major investors: Changsha Zoomlion Heavy Industry Science and Technology, Huatai Heavy Chemical, Toyo Denki, Motorola, Cisco, Nokia, Sunchime Cartoon, Jiuzhitang, Mendale, Blue Cat, Longping
2. Changsha Economic and Technological Development Zone (state-level)
Target industries: Advanced machinery manufacturing, auto & auto parts, IT, electronic products, new materials, bio-engineering, food & beverage processing, printing and packaging
Major investors: Coca-Cola, Pepsi, NEC, Mitsubishi, BOSCH, Philips, LG, HEG, Zoomlion Heavy Industry Science & Technology Development, SANY Heavy Industry, Broad Air, Changfeng Motor and Sunward Intelligent