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Changsha’s GDP expected to grow by 4.8 pct in 2022

By | nxiang.net| Updated:  Jan 17,2023 L M S
Changsha’s GDP was expected to grow by 4.8 percent in 2022, ranking at the forefront among the cities with GDP exceeding 1 trillion yuan in China. The added value of industries above a designated size increased by 8.5 percent, ranking first in Central China and among the highest in the country. The revenues in local government general public budgets topped 120 billion yuan. The city’s economic development has showed the overall momentum of long-term stability and progress.

In 2022, faced with many challenges such as downward economic progress, multiple rounds of epidemic outbreaks and severe weather, Changsha focused on controlling the epidemic, stabilizing the economy and ensuring safe development. It also vigorously implemented the strategy of “strengthening the provincial capital”. 

As a result, fruitful and remarkable results have been achieved in various tasks like economic growth, urban and rural construction and improvement of people’s livelihood. 

With advanced manufacturing as its main direction, Changsha has successfully promoted its new-generation independent secure computing system industrial cluster to a national advanced cluster. It has become the second city in the world with more than 5 of the world’s top 50 construction machinery manufacturers.

With sci-tech innovation as its strategic support, Changsha has made breakthroughs in more than 20 “bottleneck” technologies and over 200 key core technologies. Its innovation capacity has ranked eighth among national innovative cities for three consecutive years. 

With reform and opening-up as a key move, Changsha has actively optimized the management systems in Hunan Xiangjiang New Area and China (Hunan) Pilot Free Trade Zone Changsha Area. 

The number of listed enterprises in Changsha has reached 84, ranking first in central China. The city’s foreign trade growth rate ranked first among the cities with GDP exceeding 1 trillion yuan, and its actual use of foreign capital and actual overseas investment ranked first among the provincial capitals in Central China.