According to an annual economic work conference recently held by the Changsha National Economic and Technical Development Zone (CETZ), the total industrial output value of the zone reached 160 billion yuan ($25.73 billion) in 2014, and it also completed total industrial fixed asset investment of 11 billion yuan, csxrmt.com reported.

Yang Yiwen, head of Changsha county Party committee and the CETZ Party working committee, and Li Keming, management committee director of the zone, attended the conference.

Eight departments (units) such as investment, construction, and human resource made their annual reports of the past year at the conference.

The total output value of automobile manufacturing industry exceeded 30 billion yuan in 2014, making up 20 percent of the total industrial output value, 10 percentage points higher over the year of 2013.

In addition, the zone signed 14 project-introduction contracts from Jan to Nov, of which 10 projects were scheduled with an investment of over 100 million yuan.

The zone put aside 745 million yuan for infrastructure constructions in 2014, including a ground leveling area of 3,366 mu (224.4 hectares) and a new greening area of 435,000 square meters.

The conference has set major targets for 2015: the total industrial output value is expected to reach 177.6 billion yuan, an increase of 11 percent over the year 2014; the industrial fixed asset investment to reach 12.1 billion yuan, an increase of 10 percent over the previous year; the industrial and commercial tax to achieve 10.6 billion yuan, increasing 10.4 percent over the previous year.

Yang said that the fiscal revenue of Changsha county exceeded 20 billion yuan in 2014, and this number is expected to exceed 30 billion yuan within two years. He hoped that the CETZ could make more contributions to the upsurge. He also suggested the zone bring in more low-carbon and high-tech industries.

Li said that 2015 is an important year for the adjustment of economic development. and CETZ will undertake more supporting policies in boosting development of micro, small and medium-sized enterprises, including factory lease, personnel policy, credit financing and patent protection for innovations, and encourage and guide more enterprises to explore overseas market.