Changsha's industrial economy continued to recover and improve in the first quarter of this year, according to the city's bureau of industry and information technology on May 7. The added value of industrial enterprises above designated size in Changsha grew by 6.5% year-on-year, 3.5 and 2.6 percentage points higher than the national and the provincial growth rates respectively, ranking 12th among provincial capitals in China. Industrial tax revenue stood at 39.39 billion yuan, up 37.5%.

In the January-March period, the total output value of Changsha's top 10 enterprises in the construction machinery industry amounted to 53.29 billion yuan, up 42.8% year on year; that of the city's top 10 leading enterprises in the electronic information industry rose 72% year on year to 12.94 billion yuan; and, that of the city's top 10 leading enterprises in the new material industry reached 9 billion yuan, a year-on-year increase of 54%.

In the first quarter, Changsha introduced 39 major industry chain projects each with an investment of over 200 million yuan. The total planned investment is expected to be 29.72 billion yuan. The city also introduced 8 Fortune Global 500 enterprises, top 500 Chinese enterprises, and top 500 Chinese private enterprises, with a total planned investment of 2.23 billion yuan. There are 412 projects under construction, with a total planned investment of 356.44 billion yuan.

Source: en.changsha.gov.cn