A full view of Xiangtan Jiuhua Economic and Technological Development Zone, Xiangtan, Hunan province [Photo/xtjkq.xiangtan.gov.cn]
Established in 2003, Xiangtan Jiuhua Economic and Technological Development Zone was upgraded to a State-level hi-tech zone by the State Council in September 2011. Sitting in the core region of the Changsha-Zhuzhou-Xiangtan City Cluster, the zone spans an area of 138 square kilometers, which is divided into three parts, namely the new industrial district, Binjiang New District, and an ecological environment conservation area, occupying an area of 40, 60, and 38 sq km respectively.
With the Shanghai-Kunming Expressway, Hunan-Guizhou Railway, and Shanghai-Kunming High-speed Railway passing through, the zone enjoys convenient transportation. It is 5 km from the downtown area of Xiangtan and 27 km from Changsha.
Through years of development, a total of 1,520 enterprises have settled in the zone, of which 692 have been put into production. Its three leading industries are automobiles and spare parts manufacturing, electronic information, and advanced equipment manufacturing.
To promote sustainable and high-speed development, the zone has applied various innovation approaches to create a more enabling environment for development. A number of high-quality projects are under construction, including Schaeffler Group, a German manufacturer of automotive parts, Lens Technology, and Changsha-Zhuzhou-Xiangtan F2 International Race Cultural Industrial Park, all of which will lay a solid foundation for the continued development of the zone.
In the first quarter of 2018, the zone has achieved a total industrial output value of 23 billion ($3.4 billion), up 13.2 percent from the previous year. Its added value of industries above a designated scale reached 4.78 billion yuan, a year-on-year increase of 13 percent. Its general financial revenue was 2.21 billion yuan, a 148.93 percent increase and its foreign investment reached $ 80 million, a 77.7 percent increase.