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15 July 2015

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Equipment Manufacturing Industry Becomes Hunan’s First One-Trillion Industry

Hunan’s equipment manufacturing industry saw over one trillion yuan in main business income last year, a year on year growth of 11%, as released by the Hunan Economic and Information Technology Commission on March 1, 2016. It was the first “one-trillion” industry across the province, boasting a pillar for Hunan’s industrial development.


There are 136 national and provincial level enterprise technical centers of equipment manufacturing, five national new type industrialization demonstration bases, 9 national innovation demonstration enterprises, and a number of national engineering research centers and key laboratories in Hunan. World-famous Hunan-based equipment manufacturers such as Zoomlion, Sany, CRRC Zhuzhou Electric Locomotive Co., Ltd., and Zhuzhou Times New Material Technology Co., Ltd., together with newly emerging CRRC Zhuzhou Times Electric Co., Ltd., TBEA, and Tidfore Heavy Equipment Group, have expanded their global markets.


In specific, the electrical and electronic appliances have become the largest sub-industry of equipment manufacturing, while electrical and electronic appliances the most competitive and representative one. Beyond that, the total value of four sub-industry including electrical and electronic appliances, engineering machinery, automobile and parts, and heavy mining machinery all surpassed 100 billion yuan, with new energy vehicle, industrial robot, pharmaceutical machinery, and shipbuilding industries taking shape as strong points for Hunan’s economic development.


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Translator: Yu Jiangjiang


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