Knowing All about Hunan

Xiangjiang New Area Signs 70b Projects in 2016

Editor:李莎宁
Source:en.changsha.gov.cn
Updated:2016-01-29 11:24:00

  In a major boost to the economy of Changsha, the Xiangjiang New Area has signed projects worth 70 billion yuan ($10.6 billion) within 25 days of 2016.

On Jan 25, Xiangjiang New Area conducted a contract-signing ceremony for 26 major projects. The area has reaped 56 projects totaling 70 billion yuan in investments since the beginning of the year.

Local officials said that altogether 401 projects are expected to settle down in the new area through the year, with estimated total investments of 436 billion yuan.

Guo Zhenggui, deputy Party chief of Changsha and head of the administrative commission of Xiangjiang New Area said that the area will have sound public support facilities, policy incentives and efficient service environment for enterprises.

Some projects, at the signing spot, attracted wide attention. The Changsha Haichang Ocean Park, for example, will be a major attraction for local residents when completed. Designed with top standard, like the Hong Kong Ocean Park, it is scheduled to open in 2018.

A rendering of the Changsha Haichang Ocean Park [Photo / Changsha Evening News]

  The central government has approved the area in Hunan province to stimulate regional growth and accelerate the opening up of the country's interior last April, making it the 12th State-level new area and the first of its kind in Central China.

Covering an area of 490 square kilometers on the west bank of the Xiangjiang River in Changsha, the area is home to three industrial parks -- the Changsha National High-Tech Industrial Development Zone, Ningxiang Economic Development Zone and Wangcheng Economic Development Zone.

The area is also positioned to become a high-end manufacturing center, a cluster of creative industries, a demonstration area for urban-rural integration, and a leading one for the nation's "two-oriented society" construction.

In 2015, the GDP in the area has hit 154 billion yuan, a rise of 11 percent year-on-year. And the fixed assets investment jumped 22.3 percent to 177 billion yuan compared to the year before.

It is expected that, by the year of 2025, the area will see a substantial increase in overall strength with an urbanization rate around 80 percent. The added value of its strategic emerging industries will grow faster than 20 percent per year. The mother of industrial zones will also provide a sound modern industrial system and better environment for companies to grow fast.

By Zhang Qiong, edited by Shahnawaz Akhtar