The Hunan Xiangjiang New Area held a meeting on November 4 to analyze economic circumstances. Despite complicated circumstances, the area had maintained high-quality development. Its total output value in the first three quarters reached 198.2 billion yuan, up 8.6% year on year.
This year, the area authority has set long-range goals, reinforced coordination and integration, and consolidated achievements in epidemic prevention and control and economic and social development. Sustained and stable growth has been made in major economic indicators, including fixed-asset investment, output of industrial companies with annual revenue of more than 20 million yuan, total retail sales of consumer goods, and general public budget income.
The economic growth despite current circumstances could not be reached without development of major projects. Between January and September, a total investment of nearly 130.4 billion yuan in 662 key projects around the area had been completed, fulfilling 99.37% of the annual investment goal. Construction of key projects, including the 1-billion-Wh lithium ion battery, Hunan San’an semiconductor base first phase, Sany Group’s middle-sized hoisting machinery intelligent factory, intelligent terminal industrial park, and JD’s "Asia No.1" logistics center, had accelerated to support regional development.
Prosperous project construction has given impetus to industrial development in terms of both quality and efficiency. In the first three quarters, the area had introduced 108 projects with an investment of more than 500 million yuan each. The contract value amounted to 108.42 billion yuan. The major and featured industries in industrial parks achieved sustained growth, while emerging economy showed a remarkable momentum of development.
Between January and September, the output value of hi-tech manufacturing industry grew by 29.2%; computer, communications, and other electronic equipment manufacturing rose by 36.9% to 30 billion yuan; and, advanced energy storage materials industrial cluster up 120.6%. Some new energy and hi-tech enterprises’ output value doubled, and a number of leading companies realized more than 30% growth.
This article is from Hunan Provincial Government www.enghunan.gov.cn.
Translator: Pang Yuehui
Chinese source: hunan.gov.cn
