Central province Hunan has become the frontline of inland China and the hinterland of China’s coastal region.
It is, perhaps, an inevitable trend that the center of regional economic development will be shifted to central and western regions from the coastal regions where a mature coastal belt of open economy is already crowded.
Following Chinese central government’s adjustment policy to encourage processing industries to move to the central and western region, a new round of economic transfer has started.
In the context of the ‘strategy of central emergence’ of the central government and the historical opportunity to build Changsha-Zhuzhou-Xiangtan city cluster into an energy conservative and environment friendly society, Hunan is attracting investors.
Centering around undertaking industry transfer Hunan has successfully connected to the Changjiang Delta, negotiating 291 project contracts in June alone.
In October, many businessmen of Hunan origin in overseas or coastal China were invited back to explore cooperation possibilities, bringing more than RMB80 billion in capital And in November, hundreds of Taiwan enterprisers are scheduled to visit Hunan to investigate and negotiate matters in relation to IT and electronic information industry transfer.