Fifteen Major Projects in China (Hunan) Pilot Free Trade Zone Changsha Area Signed With Total Investment of CNY 50.65 Billion

The Exhibition of High-Quality Development Achievements in China (Hunan) Pilot Free Trade Zone Changsha Area took place on November 29 alongside a Signing Ceremony for Major Projects.

The event stage  [Photo by Management Committee of China (Hunan) Pilot Free Trade Zone Changsha Area]

The Development Plan for the China (Hunan) Pilot Free Trade Zone Changsha Area was released at the event. It aligns with the improvement strategy for the pilot free trade zone and centers on four key tasks, namely the establishment of an opening-up system for advanced manufacturing, service industry modernization, the formation of a pilot area for in-depth economic and trade cooperation between China and Africa, and the building of a high-standard opening-up model. Besides, the Development Plan aims to empower Changsha to become a leading force as a national demonstration of the global circulation of high-end equipment and the national demonstration of the in-depth economic and trade cooperation between China and Africa. Thus, tasks for the medium and long-term development of the Changsha Area have been clarified. A total of 15 major projects were signed on-site to the tune of CNY 50.65 billion in investment. Three of the projects are for approximately CNY 5 billion to CNY 10 billion, with two projects exceeding CNY 10 billion. The projects have provided an impetus for growth in the high-quality development of the Changsha Area. The investment promotion at the event also included two foreign-funded and eight foreign trade projects. The signing ceremony placed a great focus on key industries. Six projects related to the manufacturing industry accounted for 40 percent of the total number of projects and a total investment of CNY 42.95 billion, or 85 percent of the total investment.