Industrial zones in Changsha， Changsha’s two industrial zones provide a convenient base of operations for foreign investors In order to assist foreign investors in establishing operations, the central government has established the following two national-level zones: ? Changsha Hi-tech Technological Industrial Development Zone (“Lugu Valley”) ? Changsha Economic & Technical Development Zone (“Xingsha Zone”) These zones offer standard factory space and industrial land with infrastructure (such as power, road connections), tax incentives, plus a zone administration that can assist investors with routine set-up and operational issues.
|
Changsha′major development zones( up to end of 2006) |
|
|
Lugu Valley |
Xingsha Zone |
|
Established |
1988 |
August 1992 |
|
Upgrade to nation
level |
1991 |
2000 |
|
Total area(km2) |
80 |
80 |
|
Developed area (km2) |
15 |
9 |
|
Distance from downtown area(km) |
8 |
10 |
|
Distance from the airports(km) |
28 |
8 |
|
Number of foreign
investors |
287 |
151 |
|
Total investment
(USD billion) |
1.92 |
1.14 |
|
Key tenants |
Motorola
Noia
Prologis
Hitachi |
Mitsubishi Motors
NEC
Bosch
LG HEG
Coca-Cola
Pepsi-Cola |
|
Key industries in
zone |
Hi-tech products
Peripheral equipment
Advanced materials
|
Electronics
Machinery
Automotive |
|
|
|
|
Sources: (1) Changsha Municipal Bureau of Commerce
(2) Lugu Valley
(3) Xingsha Zone
