[photopress:industrial_zones_Changsha.jpg,full,alignright]As we ease ourselves into this new section of the China Economic Review blog we are in a state of amazement at the size and scope of the already existing high-tech industrial zones and how solidly they have established themselves.
Changsha National High-Tech Industrial Development Zone (after this we will refer to it as Changsha as CHTIDZ is not an acronym that appeals) was founded in October 1988 in the capital city of Hunan which makes it a pioneer. It was already established when the first batch was approved by the State Council three years later.
(Changsha was notably where Mao Zedong, founder of the People’s Republic of China began his political career and the city contains a museum covering his life and times.)
In that short time it has established itself and grown. The raw figures surprise and amaze.
There are currently 800 high-tech enterprises set up in the zone of which 200 are enterprises with foreign investment.
Seriously up-to-date figures are always difficult to come by but in 2006 Changsha had a revenue of US$10.25 billion in technology, industry and trade which is not that far off that of a small country. The previous year the GDP for the whole of Changsha was $18.5 billion which shows how important the zone is to the area.
Worth noting the GDP for Changsha has grown at an average of 14% a year which puts it among the leaders in China.
Most of what it does is electronic information industry, advanced manufacture industry, new material industry and biological and medical industry.
Changsha has over 30 companies in the leading position in China or the world in their respective areas.
The Zone has been awarded the National Model Zone five times.
It is run, but of course, by a committee but it has established complete management organizations and supporting service systems so that incoming companies already of ‘one-stop’ high-quality and high-efficiency services readily available. And transportation of goods from the area is helped by th fact that Changsha is surrounded by major rivers, including the Xiangjiang, the Liuyanghe, and the Laodaohe whih carry commercial shipping. It is quite an amazing achievement.
Source: Frontier Blog