Changsha has vigorously implemented the strategy of strengthening the provincial capital. In the first quarter, the city’s scale of foreign capital utilization ranked first among provincial capitals in central China.

The Changsha Municipal Bureau of Commerce announced on April 18 that, Changsha’s actual use of foreign capital reached 1.666 billion US dollars in the first quarter, accounting for 92.6% of the province's total.

Changsha has made every effort to overcome the impact of the epidemic, and its actual utilization of foreign capital increased strongly, with a year-on-year growth of 186.1%. The growth rate was 154.4 and 20.3 percentage points higher than the national and provincial average respectively.

Changsha's actual utilization of foreign investment in the first quarter shown the following characteristics: great contribution by industrial parks, strong support from major projects, and high proportion of high-tech industries.

In the first quarter, Changsha High-tech Zone's actual use of foreign capital reached 1.29 billion US dollars, accounting for 77.4% of the city's total. Its role as an opening-up platform has been fully leveraged.

Since 2022, Changsha's foreign-invested projects each with an investment of more than 50 million US dollars include Youxuan Dayun, Xingsheng Youxuan, Wharf, GAC FCA, and China Resources Mixc.

In the first quarter, the actual use of foreign investment in Changsha's high-tech industries amounted to 1.29 billion US dollars, constituting 77.5% of the city's total. The proportion was  35 percentage points higher than the national level.

Source: en.changsha.gov.cn