Hunan Ningxiang Economic Development Zone
Hunan Ningxiang Economic Development Zone was founded in November 2002 and it is a provincial development zone approved by the Provincial People’s Government and a critical component of the new type industrialization group of Two Zones and Eight Parks in Changsha. In March 2003, one of the two National Small and Medium Size Enterprise Science Parks was established here as per the approval of State Development and Reform Commission (SDRC) and in 2004 it was awarded one of the Ten Development Zones with Safe and Honest Investment Environment in Hunan.
NEDZ has won objective management evaluation by Changsha Municipal Government in the last three years and ranked first in industrial economic objective management evaluation of provincial development zones in 2004 and 2006. In the year of 2006, NEDZ was appointed pilot zone in the province for cycle economy demonstration and was approved by SDRC and the Ministry of Land and Resources as reserved provincial development zone. In June of 2007, Provincial Economic and Trade Commission and Provincial Development and Reform Commission jointed declared to SDRC and recommended NEDZ to be pilot unit for the second batch of cycle economy demonstration.
In July of 2007, NEDZ was awarded Demonstration Industrial Park of Harmonious Labor Relationship in Hunan (the only one in Changsha and one of the six in the province) by Provincial Department of Labor and Social Security, Provincial Trade Union and Provincial Entrepreneurs Association and in August it was awarded National Model Industrial Park of Harmonious Labor Relationship (the only one in Hunan). NEDZ is integrated to the construction of new Ningxiang city and is the frontline of Ningxiang’s expansion to the north and east and establishment of west line industrial and economic belt of Changsha.
Total planned area of NEDZ is 60 square kilometers. In the Tenth Five Year period, all economic indices remained an increase ratio of over 50% every year and so far 120 companies are introduced in the zone and 58 have put into operation. As of 2007, NEDZ has accumulatively invested over Rmb 8.2 billion and accomplished industrial output value of Rmb 14.846 billion and industrial revenue of Rmb 775 million. These two major economic indices remained an increase ratio of over 60% every year. In 2007, NEDZ accomplished industrial output value of Rmb 6.833 billion, industrial added value of Rmb 2.665 billion and industrial revenue of Rmb 1.405 billion, an increase of 62%, 58% and 243% versus the previous year.
Services agency：Foreign Investment Promotion Bureau
Address：Hunan Ningxiang Economy Development Zone, Ningxiang county,