Hunan

Found in the south of China, Hunan is traditionally a rice and cotton grower in China but machinery, steel, tobacco and food processing, and electronics are now also major contributors to its economy. The province can also boast of its national influence due to its entertainment programs, specifically Hunan TV.

As manufacturing industries begin moving from coastal provinces like Guangdong and Zhejiang to Hunan, the province will want to take advantage. Hunan is a desirable destination due to its low wages, low real estate costs, and one of the largest populations of migrant workers. For the future, the province is looking to nurturing emerging and hi-tech industries and building infrastructure in China. Machinery, steel making, tea, tobacco and food processing, electronics and new materials are major contributors to its industrial output.

Hunan's GDP grew 11.3% to RMB2.22 trillion in 2012.

 

Hunan Quick Facts
  • Area
    211,800 km2
  • Population:
    65683722
  • Population density:
    316 people/km2
  • Gross domestic product:
    1603.8 billion RMB
  • GDP per capita:
    24719 RMB
  • GDP growth:
    14.60%
  • Fixed Asset Investment:
    982.1 billion RMB
  • Utilized Foreign Direct Investment:
    5.18 billion US$
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Top 5 Hunan Companies
    • Sany Heavy Industry Co (SHA: 600031) is an engineering machinery and accessories maker. It posted RMB33.95 billion in revenues and RMB5.62 billion in net profits for 2010.
    • Changsha Zoomlion Heavy Industry Co (SHE: 000157) is a producer and lesser of heavy industrial equipment. It posted RMB32.19 billion in revenues and RMB4.67 billion in net profits for 2010.
    • Hunan AVA Holdings Co (SHE: 000918) is a property developer and restaurant operator. It posted RMB9.18 billion in revenues and RMB1.12 billion in net profits for 2010.
    • Hunan Valin Steel Co (SHE: 000932) is a steel and nonferrous metal smelter. It posted RMB60.6 billion in revenues and RMB2.64 billion in net losses for 2010.
    • AVIC Aeroengine Controls Co (SHE: 000738) is an aeroengine control system manufacturer. It posted RMB1.51 billion in revenues and RMB169.06 million in net profits for 2010.

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Hunan Economic and Technological Development Zones

    Changsha National Economic and Technology Development Zone
    Changsha National New & Hi-Tech Industrial Development Zone
    Chenzhou Export Processing Zone
    Zhuzhou National New & Hi-Tech Industrial Development Zone


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