I. Basic Overview of the Zone

Founded in 2008, Fenghuang Industrial Development Zone was upgraded to a provincial-level industrial concentration zone in 2014. It integrates leisure tourism, cultural sightseeing, tourism commodity processing and agricultural food manufacturing. As a comprehensive development zone, it covers the fields of cultural creativity, product research and development, exhibition and processing, wholesale and retail, folk performances, warehousing and logistics, holiday tourism and the inheritance and preservation of intangible cultural heritage. It also serves as an extended complementary space for Fenghuang Ancient Town Scenic Area and is the core component of the new urban district.

Fenghuang Window is an integrated park containing 23 buildings, among which 12 buildings form the exhibition and experience zone.

The zone covers a planned area of 3.73 square kilometers with a developed area of 2.36 sq m, among which 1.8 sq m have been designated for industrial use. It hosts 31 industrial enterprises above designated size including 14 industrial manufacturers, three service firms, six commercial operators and eight real estate and construction companies. The zone employs a total workforce of 1,671. It has fostered two pillar industries - agricultural product processing. tourism goods manufacturing and electronic processing industry.

II. Core Industries and Distinctive Features

Leveraging Fenghuang's robust local tourism market, the zone prioritizes the cultivation of pillar industries. Its tourism commodity processing sector is led by Xiangxi Wax World and Yufei Crafts. Major players in agricultural food processing include Tianyuan Food, Taimei Modern Agriculture, Zhoushengtang Biotechnology, Jinye Bio and Qinghe Animal Husbandry, with the whole sector gaining solid momentum and scale. The zone enriches local tourism offerings and boosts the comprehensive development of wellness tourism. Panda Park and Fenghuang Cultural and Creative Technology Industrial Park have entered their trial operations.

Taking advantage of the Demonstration Zone for Undertaking Industrial Transfer in Southern and Western Hunan, the zone is pushing full steam ahead to build an integrated electronic industrial chain. Hunan Haowu Company holds national licensing for electronic cigarette OEM production and acts as the leading manufacturer in this sector. A complete industrial chain has taken shape covering vape pods, heating devices, batteries, e-liquid and supporting research institutes. The zone has also initiated drafting the Medium and Long Term Development Plan for Fenghuang's electronic cigarette industrial chain. It aims to build an electronic cigarette industrial hub covering the Hunan, Guizhou and Chongqing border areas.

III. Economic Indicators for 2022

Key economic data recorded in the zone for 2022 are listed as follows. The regional GDP hit 333.87 million yuan ($49.13 million) with a year-on-year growth of 30 percent and a per mu GDP output of 94,000 yuan. Tax revenue reached 79.53 million yuan, representing an 18.4 percent year-on-year rise with the per mu tax contribution standing at 22,500 yuan. Total industrial, commercial and technical revenue totaled 1.07 billion yuan, up 41 percent from the previous year. The value added of industrial enterprises above designated size amounted to 145 million yuan, marking a 30 percent annual increase. Domestic investment from outside Hunan reached 1.28 billion yuan, growing 21 percent. Utilized foreign investment stood at $500,000. Foreign trade volume hit 31.72 million yuan, marking 12 percent year-on-year growth.