Changsha is the capital of Hunan Province and also its center of politics, economic, science and technology. It is among the first announced 24 historic and cultural cities, one of the first batches of tourism cities opening to outside as well as core city of economic integration of Changsha, Zhuzhou and Xiangtan. Thanks to its rich Hunan Culture, advanced opening ideas, excellent location, improving city function, advanced industrial economy, strong market need and abundant human resources, Changsha plays a more and more important role in the aspect of economy and social culture and attracts people both at home and abroad in recent years. Changsha people devote to construct a prosperous, open, civilized and beautiful new Changsha and manage to create a better,easier and more free development environment both at home and outside, therefore its economy and society can achieve whole development and success.
Changsha governs 5 districts including Furong, Tianxin, Yuelu, Kaifu and Yuhua, 3 counties including Changsha, Wangcheng and Ningxiang as well as Liuyang City.
Concerning the economy, Changsha has good agricultural ecologic environment, and was the first of “4-largest rice markets” in China in its history, and now is an important commodity food production and research base. As for its tertiary industry, for a long history, Changsha City has been an important business town in the south of Changjiang River. Changsha has deep trade tradition, first-class facility, prosperous market, and is the most important business city in Central-South China and one of the first excellent tourism cities in China.
At present, the six industrial clusters (the Engineering Mechanical Industry, Automobile & Auto Accessories Industry, Household Appliance Industry, the Electronic Information Industry, the Chinese Traditional Patent Medicine & Biological Medicine Industry and Advanced Materials Industry) developed rapidly, which reflect the characteristics of Changsha Advanced Industrial Clusters.
According to the government website, Changsha has established “sister citiy” relationships with 13 domestic cities and 13 overseas cities in 12 countries and trading relationships with 158 countries and regions all over the world. 89 Top-500 enterprises have set up their workshops or branch offices and more than 2,000 foreign-funded companies have been established in Changsha. At present, Changsha owns the exclusive bonded logistic center in Central China and has become one of the ten pilot cities in China for logistics and distribution and an important port-city for the export in Central China.
To date, foreign investments have focused on six pillar industries:
– Land, factories and office buildings
– Human resources
– Financial institutions
– Financial service/ Law services/ Property