I. Basic Profile

Hunan Yongshun Economic Development Zone, formerly known as Xiangxi Mengdong River Tourism and Ecological Economic Development Zone, was approved for establishment by the People's Government of Hunan Province in May 2001. The National Development and Reform Commission ratified its renaming to Hunan Yongshun Economic Development Zone in December 2005, and it ranks as a provincial-level economic development zone.

The zone covers a planned area of 4.82 square kilometers, with a built-up area of 2.67 sq km. It includes two industrial parks, namely Furong Town Industrial Park located in Furong Town and Mengdong River Industrial Park seated in the seat of Yongshun county.

The zone was designated a national pilot zone for integrated development of primary secondary and tertiary industries in 2018. It claimed the second prize for investment promotion among all industrial parks across the autonomous prefecture in 2019. It obtained approval to build a national modern agricultural industrial park in 2020 and won the third prize for prefectural industrial park investment promotion in the same year. It took home the first prize of prefectural industrial park investment promotion in 2021 and the second prize in 2022.

II. Core Industries and Distinctive Features

Biomedicine serves as the zone's pillar industry, while agricultural and food processing is being developed as a distinctive local industry. The zone is also strengthening its industrial system and supply chains.

The zone seizes development opportunities brought by the construction of the national pilot zone for integrated development of three rural industries and the national modern agricultural industrial park. It strives to build a highland for integrated development of primary secondary and tertiary industries and acts as the core engine, major platform and key battlefield driving county-wide economic growth.

Furong Town Industrial Park integrates industrial parks, specialized industrial bases and tourist scenic spots. Relying on nine major specialized industrial bases across the county, it has attracted 22 agricultural industrialization enterprises including Xiangxi Laodie Biotechnology, Xiangxi Weijia, Songbai Rice Industry and Wanyuan Ecology. Agricultural products such as Songbai Rice, Xizhou Vine Tea and Xiangxi Kiwi Fruit have obtained geographical indication registration, and camellia seed oil has passed organic certification.

Mengdong River Industrial Park is being developed alongside Xizhou New Town, integrating industrial growth with urban development. The park has attracted seven new building material manufacturers including Kairui Glass, Taifeng Building Materials and Mingqiang Building Materials. Together, they have established an emerging industrial cluster covering the research, development and production of construction materials, wall materials, architectural safety glass and decorative glass. 

Taking advantage of the construction progress of Xiangxi Demonstration Zone for Undertaking Industrial Transfer, the zone fosters labor-intensive enterprises and sets up poverty alleviation workshops within enterprises to facilitate targeted poverty alleviation for impoverished residents. Six enterprises including Yongfa Shoes, Wancheng Shoes, Xinxin Shoes and Wanliang Garments have settled here, forming a coordinated development pattern where industries boost urban growth, urban vitality fuels industrial expansion and industry and city develop in tandem.

III. Economic Indicators of the Zone in 2022

A total of 114 enterprises operated within the zone in 2022, among which 29 were industrial enterprises above designated size. The land development utilization rate reached 80.06 percent.

The zone registered total industrial commercial and technical revenue of 5.09 billion yuan ($749.12 million) and a regional GDP of 1.67 billion yuan. The output value per mu hit 417,700 yuan and the tax output per mu stood at 68,900 yuan. The added value of industrial enterprises above designated size reached 621 million yuan, and total tax revenue hit 186 million yuan.

Completed fixed asset investment amounted to 2.18 billion yuan. Foreign trade export volume reached 15 million yuan, while domestic investment received from outside Hunan Province totaled 1.55 billion yuan.