Changsha National High-tech Industrial Development Zone

Changsha National High-tech Industrial Development Zone (CSHTZ) was founded in 1988 and was approved by the State Council as one of the first national high-tech zones in 1991. The total planned area of CSHTZ is 18.6 square kilometers and includes the city area and Yuelu Mountain new area. In 1997, as approved by the National Science Committee, it was restructured as “One Zone and Four Parks” (Yuelu Mountain Hi-tech Park, Xingsha Industrial Hi-tech Park, Longping Agricultural Hi-tech Park, Broad Hi-tech Park and City Proper Policy District), in which Yuelu Mountain Hi-tech Park (also called Lu Valley) is a core park directly managed by CSHTZ. The overall area of Lu Valley is 80 square kilometers and up to now 15 square kilometers are of development scale. 

In 2007, the One Zone and Four Parks of CSHTZ earned revenues of over 100 billion yuan ($15.17 billion) in the technology and trade industries for the first time. The total income of Yuelu Mountain Hi-tech Park exceeded 50 billion yuan, a 25 percent increase over the previous year. The direct administration scope of CSHTZ achieved a total output value of 30 billion yuan, an increase of 41.1 percent, a total financial income of 1.52 billion yuan, an increase of 31.6 percent, and a general budget revenue of 615 million yuan, an increase of 33.2 percent, in the same year. Technological, industrial and trade income doubled in three years, and financial income doubled in two years.