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15 July 2015

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Hunan Accelerates 444 ‘Five 100’ Projects Construction

2018-02-24 Download Print Comment

On Feb. 22, the first working day after the Spring Festival holiday, the Hunan Development and Reform Commission held a coordination conference on accelerating the ‘Five 100’ program implementation to promote the smooth development of the “Year of Industrial Projects Construction”.

According to the plans mapped out by the CPC Hunan Provincial Committee and the People’s Government of Hunan Province, Hunan will vigorously carry out the “Year of Industrial Projects Construction”. Efforts will be made to accomplish the “Five 100” Action Plan to achieve high quality economic advancement. “Five 100” refers: building a modern industrial system by developing 100 key industrial projects, 100 scientific and technological innovation projects, and 100 major products innovations; and introducing 100 top 500 enterprises, and 100 scientific and technological innovation talents.

According to the pre-schedule summary, there are now 444 “Five 100” projects across the province, excluding the introduction plan of 100 scientific and technological innovative talents. Among them, there are 110 major industrial projects, 110 scientific and technological innovation projects, 110 major products innovation projects, and 114 Fortune Global 500 enterprises introduction plans.

Besides, there are 152 projects to be newly built as scheduled, accounting for 34.2% of the total 444 ones; 172 continued construction, accounting for 38.7%; 32 to-be-invested ones, accounting for 7.2%; and, 88 ones under discussion or to be signed, accounting for 19.8%.

They mainly involve the sectors of modern service industry, modern agriculture and the new industrial chains of high-end equipment manufacturing, electronic information, biomedicine, new materials and other industries. Relevant project promotion and evaluation mechanisms are to be established soon, to comprehensively assess the projects progress in each city and prefecture via indicators such as the project investment completion rate and operating rate.

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Translator: Yu Jiangjiang

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