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Changsha Has Made Great Achievements in Economic Structural Reform

Updated: 2018-11-27

On November 22, a first press conference in celebration of the 40th anniversary of the reform and opening-up was held in Changsha. At the conference, the Changsha Development and Reform Commission reported on Changsha’s achievements in economic structural reform over the past 40 years.

1.Changsha’s regional GDP has jumped from 1.7 billion CNY in 1978 to 1,035.4 billion CNY in 2017. It has ranked 6th among the provincial capital cities for many years. The economic aggregate of Changsha in 2017 ranks 10th in the country.

2.The per capita regional GDP has risen from 370 CNY in 1978 to 135,388 CNY in 2017, an increase of 8.5 times; industrial structures have been continuously optimized and upgraded, forming seven 100-billion-yuan industrial clusters such as engineering machinery, electronic information, and new materials. The service industry contributed 56.7% to economic growth.

3.Changsha’s high-speed railway lines have intersected to form the pattern similar to the Chinese character “米"; The first complete Chinese designed maglev line in China has opened; the subway lines have gradually formed a network; the Changsha-Zhuzhou-Xiangtan inter-city railway has shortened travel times between them; Huanghua International Airport has entered the "Dual Runway Era"; Changsha as highway has 687 km. of highways.

4.The market has been invigorated by the policy dividends including 30 industrial policies and 22 new talent policies. Projects for the people’s livelihood, such as the "Blue Sky Defense", have improved people’s sense of contentment.

As a reform pioneer to realize the great Chinese dream, Changsha has made remarkable achievements with its hard work.

Translator: Kuang Zhenzhen
Chinese source: rednet.cn