CETDZ’s Construction Machinery Industry Output Value Hits 100 Bln Yuan
The Changsha Economic and Technological Development Zone (CETDZ) Administrative Committee announced on January 21 that, thanks to domestic infrastructure investment, production and manufacturing process upgrading, and the “Belt and Road” initiative, CETDZ has accelerated the development of construction machinery industry. In 2018, its output value reached over 104.6 billion CNY, an increase of 14.7% over last year, making it one of the 100-billion-yuan industrial clusters.
Last year, CETDZ achieved total revenues from technology, industry, and trade of 350 billion CNY, up 10%. The total output value of industries above a designated size increased by 9.5%.
The construction machinery industry maintained a strong momentum of development. Sany Group, China Railway Engineering Equipment Group, and Sunward Intelligent Equipment Group are among the top 50 global construction machinery manufacturers.
The annual output value of automobile and parts industry rose by 5.9%, going against the trend of slowing growth in the domestic automobile market.
The electronic information industry developed rapidly and its annual output value grew by 14.4%.
There were 14 enterprises with an annual tax revenue exceeding 100 million CNY in the park. Among them, SAIC Volkswagen and GAC Mitsubishi Motors had a tax revenue of more than 2 billion CNY.
The park’s import and export volume increased by 17%, and 7 enterprises’ import and export value exceeded 100 million USD.
Translator: Kuang Zhenzhen
Chinese source: hunan.voc.com.cn