I. Basic Profile

Formerly known as Wuxi Industrial Park of Luxi County and Luxi Industrial Concentration Zone, Luxi High-tech Industrial Development Zone started construction in 2005. Its management committee was established in December 2006. The zone was upgraded to a provincial-level industrial concentration zone in November 2012 and further elevated to a provincial high-tech industrial development zone in July 2016. In December 2017, Hunan (Luxi) Characteristic Industrial Park for High-performance Composite Materials was inaugurated here.

The rendering displays a deep-water terminal capable of handling thousand-ton vessels.

The zone covers 3.79 sq km with a public service center, four specialized industrial parks and five development corridors. The four industrial parks include the Characteristic Industrial Park for High-performance Composite Materials, Metal Smelting and Comprehensive Utilization Industrial Park, Chemical Industrial Park and Water-land Intermodal Logistics Park. The five development corridors consist of four road development corridors and one waterfront landscape corridor.

As a provincial high-tech industrial development zone, it boasts diverse industrial sectors, complete supporting functions and a sound service environment. Owing to its outstanding achievements in advancing new-type industrialization and undertaking high-tech industrial transfer, the zone has received a series of official honors and certifications. It was named one of Hunan's first Characteristic Bases for Undertaking Industrial Transfer in April 2010. In June 2010, the Ministry of Science and Technology recognized it as the Xiangxi National High-tech Industrialization Base for Manganese Deep Processing. It was listed among the first batch of provincial-level industrial concentration zones in November 2012. In October 2013, it became one of the first Demonstration Parks for the Construction of Small and Medium-sized Enterprises Credit System. It was designated a Provincial Export Cultivation Base in November 2014 and a Provincial Demonstration Base for New-type Industrialization in December 2015. 

The industrial park presents a brand-new modern landscape.

It was upgraded to a provincial high-tech industrial development zone in July 2016. In December 2017, the Hunan Provincial Development and Reform Commission, Department of Science and Technology, Department of Industry and Information Technology and Department of Finance jointly issued an official document to approve the establishment of Hunan (Luxi) Characteristic Industrial Park for High-performance Composite Materials. In 2018, the zone was rated a Provincial Demonstration Base for Innovation and Entrepreneurship by the Hunan Provincial Development and Reform Commission. In 2019, it was designated a model unit for the creation of Top Ten Safe Industrial Parks by the Political and Legal Affairs Commission of the Provincial Party Committee and selected as one of Hunan’s first pilot parks for comprehensive institutional reform. It won the title of Prefectural Model Civilized Unit for three consecutive years from 2019 to 2021 and also received the honor of Prefectural Advanced Unit for Investment Promotion over the same period. In the comprehensive performance assessment of high-quality development for 2020 and 2021, the zone secured the second place across Xiangxi Tujia and Miao autonomous prefecture.

II. Core Industries and Distinctive Features

The zone has formed an industrial framework consisting of one pillar industry category and one specialized industry category. The pillar industry category focuses on new materials, including aluminum-based high-performance composite materials as well as manganese zinc vanadium alloy materials. The specialized industry category focuses on advanced energy storage materials, lithium batteries and biomedicine.

Guided by the Six Major Development Priorities strategy rolled out by the Party committee and people’s government of Luxi County, the high-tech zone has achieved sound and rapid growth. The zone hosts 96 enterprises with total fixed assets reaching 8.5 billion yuan. Among them are 28 enterprises above designated size, 23 high-tech enterprises and enterprises producing high-tech products, two enterprises listed on regional equity trading markets and one enterprise on the science and technology innovation board. Two enterprises namely Huamei Xingtai and Zhongxin are preparing for main board listing. There is one national-level specialized sophisticated innovative small giant enterprise and eight provincial-level ones.

The zone has built two national-level industrial bases and seven provincial-level industrial bases, alongside 17 research and development institutions at or above the provincial level. It operates one incubation base, one provincial demonstration base for innovation and entrepreneurship and one provincial maker space.

In recent years, the emerging composite material industry represented by aluminum powder and vanadium nitrogen alloy has registered robust development, making the zone an important industrial base for green new materials in central and southern China.

III. Economic Indicators of the Zone in 2022

In 2022, Luxi High-tech Industrial Development Zone recorded a total industrial, commercial and technical revenue of 8.48 billion yuan ($1.24 billion), up 20 percent year on year. Its regional GDP hit 2.59 billion yuan with a year-on-year growth of 14 percent. The added value of industrial enterprises above designated size stood at 1.3 billion yuan, representing an 18 percent annual increase. Main business revenue of high-tech industries reached 5.64 billion yuan, surging 41 percent year on year. Operating revenue generated by pillar industries accounted for 71 percent of total revenue, while that of high-tech industries accounted for 67 percent.

Completed fixed asset investment amounted to 1.07 billion yuan, a 5 percent year-on-year rise. Total tax payment reached 289 million yuan with tax output per mu hitting 60,000 yuan. The zone secured investment promotion funds of 850 million yuan and actually utilized foreign capital of 1.99 million US dollars. The total volume of import and export trade reached 386 million yuan. Research and development investment totaled 218 million yuan, accounting for 8 percent of the regional GDP. The land development rate registered 91 percent.