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.