Policy guarantee: The Park is under construction, while the work of land acquisition and house demolition has been completed. The proposal for the first phase has been approved and relevant feasibility research, restriction for floor height and total building height, as well as adjustment of microwave channel have been competed. The Conceptual Planning of Changsha National Advertising Industry Park has been prepared by Planning & Design School of Shanghai Tongji University, whereas the constructive detailed planning is being prepared.
Benefit assessment: After completion of the project, it is estimated that this Park will achieve 10 billion yuan of total output value of advertising industry by 2020, 5 billion yuan of industrial value-added, an annual average increase of 25%, and 600 million yuan of general financial and taxation revenue. It is estimated that 5 billion yuan of total investment in social fixed assets will be absorbed, more than 800 advertising agencies will settle down in this Park, and 5,000 persons will be employed in advertising industry.
Investment Promotion Department of Administrative Committee of Changsha Tianxin Cultural Industry Park
Source: Department of Commerce of Hunan Province