From Scale to Strength: Highlights of Changsha's Industrial Development During the 14th Five-Year Plan

Deep News12-04

On December 4, the Changsha Municipal Government held a press conference titled "Changsha's 14th Five-Year Plan Report Card," focusing on building a national hub for advanced manufacturing. Zheng Yiren, Director of the Changsha Bureau of Industry and Information Technology, systematically presented the city's achievements during this period. Representatives from key industrial parks, including Changsha Economic and Technological Development Zone, Liuyang Economic and Technological Development Zone, and Changsha High-Tech Zone, addressed media inquiries on park development.

**Stronger Foundation: 8% Annual Growth in Industrial Value-Added, Six Trillion-Yuan Industries** The 14th Five-Year Plan period marked both a timeline and a developmental leap for Changsha. The city achieved an average annual growth of 8% in industrial value-added, with 2024 seeing a peak of 9.6%—the highest in a decade. Manufacturing accounted for 24.5% of GDP, with six trillion-yuan industries emerging: engineering machinery, food and tobacco, automotive and components, new materials, electronics, and advanced energy storage materials.

Changsha prioritized enterprise cultivation through targeted investment and support, fostering five trillion-yuan industrial enterprises and 21 billion-yuan enterprises—12 more than at the end of the 13th Five-Year Plan. The city now hosts 243 national-level "little giant" specialized firms and 42 national manufacturing champions, leading among central Chinese cities. With 3,358 industrial enterprises, Changsha has cultivated 1,767 intelligent manufacturing pilot firms, including 13 national-level demonstration factories and 38 exemplary scenarios. Notably, Zoomlion was selected for the 2025 national pilot list of leading smart factories, among only 15 nationwide.

**Optimized System: Pioneering Achievements Across Sectors** Changsha’s "4433" modern industrial system underpinned high-quality development, with breakthroughs in traditional and emerging sectors: - **Traditional Industries**: Hybrid rice variety "Liliangyou 8022" set a global yield record, while Ausnutria Dairy dominated the global goat milk powder market. Snack producer Salted Fish achieved years of exponential growth as a self-manufacturing leader. - **Pillar Industries**: Engineering machinery, energy storage, and NEVs solidified global competitiveness. Changsha produces 85% of China’s machinery categories, with five local firms consistently ranking among the world’s top 50 manufacturers. The city also unveiled plans for a smart connected vehicle ecosystem. - **Emerging Industries**: Innovations included China’s first open-source XPlaza platform and breakthroughs in compressed air energy storage and flow battery technology. Sansure Biotech launched a pioneering liquid-phase diagnostic product. - **Future Industries**: Humanoid robots, quantum technology, and stem cell therapies gained traction, with Hunan’s embodied intelligence innovations earning national recognition.

**Enhanced Industrial Parks: Five Trillion-Yuan Zones, 70%+ High-Tech Firms** Changsha’s industrial parks, hosting 60% of its enterprises and 75% of industrial output, became growth engines. Five parks surpassed trillion-yuan output, while differentiated development strategies were implemented: - **Changsha High-Tech Zone**: Advanced equipment, computing, and new energy. - **Changsha Economic Zone**: Engineering machinery and automotive sectors. - **Liuyang/Ningxiang Zones**: Electronics, biopharma, and energy storage materials.

Reforms like streamlined approvals and fund-driven investments boosted efficiency. Multiple parks ranked among China’s top 100 for advanced manufacturing and biopharma, with Yuhua and Jinxia zones joining the trillion-yuan club.

Looking ahead, Changsha aims to drive intelligent, green, and integrated manufacturing under the 15th Five-Year Plan, focusing on upgrading industrial capabilities and governance.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment