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15 July 2015

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Engineering Machinery to Be the First Industry to Exceed 100 Bln Yuan in CETZ

Recently, Deputy Secretary of the CPC Chenzhou Municipal Committee Liu Hesheng and his delegation inspected the characteristic development, administration, decentralization and investment scenario of Changsha National Economic & Technical Development Zone (CETZ). The delegates were accompanied by Director of the United Front Work Department of the CPC Changsha Municipal Committee Wen Shuxun.

The group also visited Sany Heavy Industry Co., Ltd. and GAC Fiat, learning about their production and development. At present, engineering machinery, automobile parts and electronic information are three pillar industries for the development zone. In 2013, the output value of engineering machinery in CETZ almost reached 100 billion yuan, on the way to being the first industry to exceed 100 billion yuan.

More than 100 enterprises producing vehicles and components including Shanghai Volkswagen, GAC Mitsubishi, Beiqi Foton, Zotye Auto and GAC Fiat are settled in the zone, intensifying industrial concentration ability. In addition, with constant growth of the Lens Technology Co., Ltd., Changsha Innovation Semiconductor Corp., Greatwall Information Industry Co., Ltd. and Newsmy Digital, electronic information in the zone is flourishing, shoring up the rapid development of the zone as a competitive industry.

Translator: Zhang Minsi