Changsha National High-Tech Industrial Development Zone, situated in the west urban district of Changsha city, on the west shore of the Xiang River, and the north side of Yuelu Mountain Scenic Area, was founded in 1988, and it became one of China’s earliest national-level high-tech industry development Zones through the State Council’s approval in 1991, and was approved by the Ministry of Science & Technology in 2009, became a national innovative technology pilot zone.
In 2011, the whole zone achieved a total technological, industrial and commercial income of RMB150 billion Yuan.The Zone now has more than 800 new and high-tech enterprises, of which nearly 200 are foreign-invested,32 are domestic and foreign listed companies, and the pillar industries of electronic information, advanced manufacture, biomedicine, new materials, new energy sources, environmental protection industry and service outsourcing, etc. have been formed already; here are Zoomlion, Jiuzhitan, Mendale, Blue Cat, Longping and many other well-known trademarks famed both at home and abroad.
Luvalley Science & Technology Park
Luvalley Science & Technology Park (Luvalley for short) is the core park directly managed by the Administrative Committee of Changsha Hi-Tech Zone, with an overall planning area of 117 km2, and at present an infrastructural framework of 21 km2 of the Park has formed already. Situated in the leading area of the “two-oriented society” (resources-saving and environment-friendly) and within the comprehensive reform pilot zone of the Changsha-Zhuzhou-Xiangtan city cluster emphatically constructed by the country, it is the high and new technology industry cluster zone, the new-model industrialization demonstration zone and the model region of an ecological new town emphatically constructed by Hunan province and Changsha city, and is mainly divided into the seven major industry functional zones: the Luvalley constructed area, the information industry park, the advanced manufacture industry park, the new materials industry park, the biomedical industry park, the photovoltaic new energy resources and environmental protection industry park. The output value of the large-scale industrial enterprises in the Park accounts for 40% of the total output value of Changsha’s large-scale industry. There are 16 Fortune 500 international corporations gathering in the Park: Hitachi, Schlumberger, Yuanda Suzuki, Huarun Group, Nokia, Motorola, Cisco Systems, Dell, Ericsson, Manpower, Itochu, Foxconn, Honeywell, Fuchs,Harris and Siemens.