Hunan Foreign Trade Rises 12% to Historic High in 2020
During this year’s Spring Festival, the Changsha -Europe freight trains were in service to facilitate Hunan's foreign trade. In 2020, Hunan’s foreign trade has bucked the trend under the complex international economic and trade situation. It registered double-digit growth and quality has seen improvement throughout the year.
Hunan Enterprises Usher in a Good Start in “Going Out”
The Hunan Provincial Department of Commerce announced on February 20 that provincial major business indicators showed explosive growth in January. At the beginning of this year, Hunan enterprises ushered in a broad prospect in “going global” strategies.
Hunan’s 3 World-class Industrial Clusters Thrived in 2020
Since the beginning of the Year of the Ox, Hunan’s enterprises, including Sany, Zoomlion, China Railway Construction Heavy Industry Corporation (CRCHI), and Sunward, are in full production. Over the past month, a variety of star construction machinery worth billions of CNY were delivered from Changsha to foreign construction sites.
Changsha Rolls out 1,575 Major Projects This Year
Changsha released an investment plan for major projects in 2021 on February 20. A total of 1,575 major projects including bundled projects will be rolled out, including 870 on-going projects and 705 new ones. These projects’ total investment is expected to be 1.7604 trillion yuan, with an estimated investment of 391.6 billion yuan in 2021.
Hunan to Invest 400 Billion Yuan in 30 Key Projects
A conference on the implementation of 30 major landmark projects to promote Changsha-Zhuzhou-Xiangtan integration was held on February 20. It announced that a total of 400 billion yuan would be invested in these projects. As of the end of last year, an investment of 63.8 billion yuan has been made, accounting for 16%. This year a total of 39.9 billion yuan is planned.
Hunan’s GDP Growth Tops in China
All the provinces and cities across China have released their latest GDP data in 2020. Among the top 10 major economic provinces in terms of GDP, Hunan’s economic growth rate reached 3.8%, 1.5 percentage points higher than the national average, ranking the first place.