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15 July 2015

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Hunan has a complete range of industrial production, including tobacco, steel, electricity, chemicals, nonferrous metals, building materials, transportation equipment, agricultural and sideline processing, specialized equipment manufacturing and petroleum processing industry.


A number of Hunan enterprises enjoy high reputation throughout the country, and even the world, such as Furong Wang Cigarettes, Baisha Cigarettes, Valin Steel, Sany Heavy Industry, Zoomlion Heavy Industry, Broad air-conditioning equipment.



There are 14 national development zones, one comprehensive bonded zone, 67 provincial development zones, and 29 industrial concentration districts. Ten advanced industrial clusters have been developed, including engineering machinery, electronic information and new materials, petrochemical engineering, automobile and its parts, and lead and zinc hard alloy processing.


The structure of Hunan's industrial economy has been optimized continually, and its quality and efficiency improved under the leverage of new urbanization. Hunan's economic operation quality has ranked first among the six provinces in central China for four consecutive years.


Over the past five years, industry has become the main force to increase fiscal revenue of Hunan government. The annual average contribution rate of industry to economic growth reached 46.1 percent, and the paid in taxes by industrial enterprises witnessed an average annual increase of 12 percent.


The province's industry continues to grow in size through phasing out outdate production capacity, revitalizing advanced manufacturing industry, and fostering emerging industry. The equipment manufacturing business revenue hit one trillion yuan revenue, becoming Hunan's first one-trillion-yuan industrial sector. Now the province boasts ten 100-billion-yuan industrial sectors: machinery, foodstuff, non-ferrous metals, electronic information, light industry, building materials, metallurgy, petrochemicals, electric power, and medicine. A group of industrial clusters supported by 100-billion-yuan industries have taking shape, including Changsha engineering machinery, Zhuzhou rail transit, and Yueyang petrochemicals. The number of industrial enterprises with a main operating revenue exceeded 10 billion yuan totaled 19.


Innovative development has been a new engine to boost economic growth. A relatively completed policy-support system and technology innovation system have been established. The research and development strength of industrial enterprises has taken the lead in central China. Many Hunan-developing technologies and products make worldwide influence, including Tianhe supercomputers, Beidou navigation satellite system, carbon composite materials, and Insulated Gate Bipolar Translator (IGBT). Technology-led emerging industries have become a new driving force for industrial development, such as high-performance independent controllable computer, industrial-level 3D printing, high-performance composite, advanced energy storage materials, and high-performance industrial robot.


In 2016, the province industrial added value amounted to 1117.73 billion yuan, with the industrial enterprises above the designated size making a total profit of 162.05 billion yuan.