Industry

According to the annual statistics released by the provincial statistics bureau, in 2024, Hunan's value-added industrial output of enterprises above the designated size grew by 7.3 percent year on year. Of which, the figure of private firms rose 8.0 percent, accounting for 65.6 percent of the provincial total. The value-added industrial output of high-tech manufacturing and equipment manufacturing increased by 13.7 percent and 8.4 percent respectively, making up 14.1 percent and 32.3 percent of the total. The industrial parks at the provincial level and above saw a 9.5-percent growth in their value-added industrial output, contributing 71.0 percent to the total. Regionally, the Changsha-Zhuzhou-Xiangtan area grew by 9.6 percent, the southern regions of Hunan rose 8.3 percent, the western regions up 8.0 percent, and the Dongting Lake areas increased by 5.2 percent in terms of the value-added industrial output of enterprises above the designated size.

As a key national hub of advanced manufacturing, as of January 2025, Hunan has fostered five national-level advanced manufacturing industrial clusters—construction machinery in Changsha; rail transit equipment in Zhuzhou; medium and small aircraft engines in Zhuzhou; new-generation independent secure computing system in Changsha; and, Hengyang-Changsha-Zhuzhou-Xiangtan UHV Power Transmission and Transformation Equipment. The number of the businesses over designated size remains at more than 20,000.

Changsha is striding towards a manufacturing hub. Since 2023, it has been listed among the world's three largest construction machinery industry clusters, along with Illinois in the United States and Tokyo in Japan.

By the end of 2024, Changsha has formed 6 hundred-billion-yuan manufacturing clusters, including engineering machinery, advanced energy storage materials, electronic information, and automobiles and parts. Three national advanced manufacturing clusters have been cultivated, namely the Changsha Construction Machinery Industrial Cluster, Changsha New-Generation Independent Secure Computing System Industrial Cluster, and the Hengyang-Changsha-Zhuzhou-Xiangtan UHV Power Transmission and Transformation Equipment Industrial Cluster. It also established two national small and medium-sized enterprise characteristic industrial clusters, the high-end chemical pharmaceutical ingredient industry in Liuyang County-level City and the CNC grinding machine in Changsha County. In the first 10 months of 2024, the value-added of industry above designated size in Changsha increased by 8.8 percent year on year.

Updated in March 2025