UK Minister of Investment Invites Hunanese Investors
Graham Stuart, UK’s minister for investment at the Department for International Trade, visited Hunan on August 27. He welcomed Chinese enterprises, including Hunan companies, to start up business in UK. He remarked that, UK and China is at a golden age of cooperation, and UK has become China’s largest European destination of investment.
Manbang Central China Logistics Port Project Locates in Changsha
The Changsha Municipal People’s Government and China’s largest Uber-like freight service provider Manbang Group held a signing ceremony for the Manbang Central China Logistics Port Project on the morning of August 26.
Hunan Advertising Industry’s Revenue Reaches 15 Bln CNY in H1
The Hunan provincial advertising business revenue was more than 15 billion CNY in the first half of this year, an increase of 11.5% over the same period of last year. The Internet advertising sector developed rapidly, reaching more than 5 billion CNY. It was learnt from the Hunan Provincial Market Supervision Administration on August 19.
Changsha’s Foreign Trade Hits 100 Bln CNY in First 7 Months
The Changsha Customs announced on August 14 that Changsha’s foreign trade volume reached 102.39 billion CNY in the first 7 months this year, an increase of 62% over the same period last year. The growth rate was 16 percentage points higher than the provincial level.
Hunan’s NEV Industry Development Accelerates
So far, Hunan has 13 new energy vehicle (NEV) manufacturers, including BYD Changsha, Zotye Auto Changsha factory, CRRC Electric Vehicle, and Changfeng Group; and, a battery material industrial cluster with the widest range of products in China. A complete NEV industrial chain has formed. Between January and May this year, the province’s NEV output increased by 622.13% over the same period last year.
Changsha Ranks 14th Among Top 100 Chinese Cities by GDP
The list of top 100 Chinese cities by GDP was announced recently. Five Hunan cities made the list, including Changsha, Yueyang, Changde, Hengyang, and Zhuzhou. Changsha’s GDP reached 55.38 billion CNY in the first half of this year, with a growth rate of 8.2% and ranking 14th on the list.