Foreign investment to date has focused on manufacturing, particularly electronics, automotive and home appliances Manufacturing accounts for the lion’s share of foreign investment in Changsha to date; the FDI industry distribution is shown at left.
|
Number of FIEs and investment in Changsha by key industries |
|
Industry |
No. of projects |
Average investment (USD million) |
|
Electronic appliance |
191 |
394 |
|
Food and beverage |
185 |
285 |
|
Automotive |
86 |
206 |
|
Metals |
141 |
196 |
|
Chemicals |
180 |
164 |
|
Pharmaceuticals |
67 |
45 |
Source: Changsha Municipal Bureau of Commerce
Changsha has successfully managed to attract major multinational companies to locate operations or representative offices in the city.
|
Major multinationals in Changsha |
|
Company |
Sector |
Utilized investment (USD million) |
Key products |
|
LG Philips |
Electronics |
420 |
TV monitor tubes |
|
HEG |
Household appliance equipment |
325 |
glass panel, glass funnels |
|
Electrolux |
Household appliances |
197 |
refrigerator, washing machine |
|
Bosch |
Automotive spareparts |
173 |
automotive electric system |
|
Coca-cola |
Food and beverage |
20 |
soft drinks |
Source: Changsha Municipal Bureau of Commerce
Revenues of major FIEs in Changsha grew rapidly
Revenues of FIEs in Changsha in the above sectors grew in 2006 and reached around USD 4.73 billion, an increase of 28.6 percent from 2005.
Revenue of the food and beverage sector reached USD 611 million in 2006
Revenue of the chemicals industry increased 74 percent from 2005 and amounted to USD 264 million in 2006
