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Changsha High-tech Zone inks $6.5b deals

Updated: 2016-04-11

The Changsha National High-tech Industrial Development Zone sewed-up 32 deals for major new projects during a contract-signing ceremony on April 8, the most ever agreed upon at a single event.

The ceremony was held upon the first anniversary of the establishment of Hunan Xiangjiang New Area, the first state-level new area in Central China, and saw the commitment of 42 billion yuan ($6.5 billion) in investment.

Zhou Qingnian, head of the Changsha High-tech Zone Administrative Committee, said that the contracted projects are mainly in the fields of intelligent manufacturing, information technology, new energy, civil-military integration, creative culture, new media, and modern logistics.

"It shows the zone has stepped forward on the path to being the core industrial zone of the Xiangjiang New Area and national independent innovation demonstration area," Zhou said.

According to Zhou, the Changsha High-tech Zone has so far become a core overlapping area for the construction of the Changsha-Zhuzhou-Xiangtan Two-Oriented Society Reform Area, Changsha-Zhuzhou-Xiangtan National Independent Innovation Demonstration Area and the Hunan Xiangjiang New Area.

In recent times the zone has seen increasing upgrades in its development platform, industrial foundation, innovative resources and investment environment. It now ranks the 15th among the 146 national high-tech zones across the country.

Edited by Owen Fishwick

Source: Changsha Evening News