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Xiangjiang New Area’s GDP up 10.1% in H1

China.org.cn, 08 16, 2017
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Areas along the west shores of Xiangjiang River in Changsha are experiencing a development boom in recent years.

In Wangcheng Economic and Development Zone, which is located in Xiangjiang New Area of Hunan, the first phase of the CITIC Dicastal South China Intelligent Manufacturing Industry Park has begun trial production, only seven months into construction. The industry park will achieve an annual output of15 billion yuan upon completion.

In the first half of this year, Xiangjiang New Area’s GDP rose10.1 percent year on year to89.4 billion yuan.

As the new area creates three new growth platforms (the Yuelu Mountain National University Science City, the core area of the Demonstration Zone for the Integration of Military and Civilian Development, and the Hunan Financial Center), construction of the (R&D) Headquarters of the Central South University Science Park, the Industry Park for the Integration of Military and Civilian Development and the Xiangjiang Fortune Financial Center, and so forth are in full swing.

A series of activities, designed to building up the intellectual strength of Xiangjiang New Area so as to achieve science-driven development, have been launched with a view to facilitating university-enterprise cooperation so that research outcomes can be commercialized.

The new area is now home to184 ventures related to the military industry or military-civilian integration, with an annual output of35 billion yuan.

The new area also continues to pursue reform and innovation. Since the beginning of this year, its administration has rolled out visiting service, reservation service and full-chain service to better serve the enterprises. Meanwhile, it has innovated the management of industrial land, including promoting a differentiated approach in land supply, and the conservation and intensive use of land. By the end of June, altogether over3,300 mobile Internet enterprises had settled in the new area, with an annual increase of over100 percent in the past two years.

Breakthroughs have also been made in attracting outside investment. A number of projects each with an investment of10 billion yuan or more were launched in the first half of this year. Projects newly launched or under extension totaled360 in the first half of this year with combined investment amounting to68 billion yuan, or60 percent of the annual plan.


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