Investment Climate

Zhuzhou is a key city in the Chang-Zhu-Tan (Changsha-Zhuzhou-Xiangtan) Economic Integration Area. As the only state-level high-tech park in Zhuzhou, Zhuzhou HTP has played an important role in the city’s economic development. In 2007, the value added industrial output of Zhuzhou HTP reached RMB 10.1 billion, accounting for 29.1% of the city’s total.

In 2007, 105 new investment projects were brought into Zhuzhou HTP with a total investment of RMB 5.0 billion. The contracted FDI reached US$ 98.2 million while the utilized FDI reached US$74.3 million in 2007.

Zhuzhou HTP is focusing on the development of four pillar industries: IT, new materials, bio pharmaceutical and food processing, and advanced equipment manufacturing. In 2007, the industrial output of these four pillar industries reached RMB 26.0 billion, accounting for 76.7% of total.

In the future, optical-machinery-electronic integration, civil aviation and astronautics, new energy, and auto & auto parts will also become key industries. The auto and auto parts industry bears particular emphasis as it has become the key industry in Hunan province.

In 2007, Zhuzhou HTP signed a cooperation contract with Beijing Automobile Industry, one of the largest auto makers in China. The company will set up a manufacturing base in Zhuzhou HTP with a total investment of RMB 5 billion. The annual revenue of this project is expected to reach RMB 12 billion. This will definitely promote the development of Zhuzhou HTP’s auto industry.

Other major investors in Zhuzhou HTP include Siemens AG, Mitsubishi, Du Pont, Shenzhen Yonglan Industry, Zhuzhou Cemented Carbide Cutting Tools and Zhuzhou Times New Material Technology.