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According to the source from Changsha ETDZ on April 4th , the ETDZ will adopt a series of measures to promote its financing , which will include issuing company bond with a term of 10 years in second quarter and establishing the fund of infrastructure construction and investment for engineering machinery industry to raise 600 million Yuan's fund .
The economic and social development in the zone was sound and fast in first quarter , major economic indicators increasing at a high speed . The objective made for the year is to realize a gross industrial output value of 46.5 billion Yuan, increasing 22£®4£¥ compared to last year , based on which efforts should be made to increase the value to 50 billion , up 26£®3£¥ on the basis of the last year and to realize a tax revenue of 2.6 million , going up 18£¥ compared to last year . And to ensure major economic indicators rank among the best in all national ETDZs .
A new investment zone covering an area of 100 to 200 square kilometers will be built in the ETDZ , which will function as a core growth pole in the eastern part of Changsha city , optimizing the industrial chain , bringing about the advantage of industrial centralization . An development area of 10 square kilometers will be built , on the basis of the existing engineering machinery enterprises , to attract and foster some engineering machinery enterprises that have their own advantages , promoting the formation of the industrial chain , thus building Changsha into the capital of engineering machinery in China within 3 to 5 years and laying foundation for its further development into a world class machinery production zone . Meanwhile , resources of auto industry will be integrated to optimize the supporting facilities and promote the scale . It is planned that the output of the auto industry will reach 1 million cars per year by 2010 and a corridor of auto parts industry covering an area of over 15 square kilometers will be built ,thus creating the comparative advantage of auto industry in the zone .
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