Changsha

A major transportation hub, Changsha is located in the southern part of central China and acts as a port city and railway centre. Considered one of China's four biggest rice markets, Changsha also produces significant amounts of timber, livestock, and cotton. Construction equipment, automotive, traditional Chinese and biological medicine, IT communications, and home appliance are some of the manufacturing industries that, as a whole, make up over 50% of the city's economy. Notably, Zoomlion, Sany, and Sunward are dynamic players in Changsha’s construction equipment market.

Almost half of Changsha's GDP is attributed to the service industry; areas such wholesale and retail, tourism, real estate, logistics, financial and catering industries are expected to be the engines of economic growth. The capital of Hunan province is also surrounded by a vibrant economic zone, including Zhuzhou, Xiangtan, and Yuenan, that accounts for over 75% of Hunan’s GDP. Changsha's GDP grew 13% to RMB640 billion in 2012.

 

Changsha Quick Facts
  • Area
    11,819 km2
  • Population:
    6600000
  • Gross domestic product:
    454.7 billion RMB
  • GDP growth:
    %
  • Fixed Asset Investment:
    319.26 billion RMB
  • Utilized Foreign Direct Investment:
    2.24 billion US$
  • Imports:
    2.54 billion US$
  • Exports:
    3.55 billion US$

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Top 5 Changsha Companies
    • Changsha Zoomlion Heavy Industry Science & Technology Development Co (SHE: 000157) is engaged in development, manufacture, distribution and leasing of heavy industrial equipment. It posted RMB32.19 billion in revenues and RMB4.67 billion in net profits for 2010.
    • Sany Heavy Industry Co (SHA: 600031) is engaged in the development, manufacture and distribution of engineering machinery products and accessories. It posted RMB33.95 billion in revenues and RMB5.62 billion in net profits for 2010.

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