According to the data, a batch of electronic products manufactured by Xiefeng Technology (Chenzhou) Co., Ltd. was exported to Italy from Chenzhou Export Processing Zone. Ye Xiaohui- the principal of this company said to reporters that currently two shipments would be handled every week, and its export volume was expected to be around $30 million.

Xiefeng Technology Co., Ltd. was one of the undertaking industrial transfer enterprises available in Chenzhou city. In the first ten months of 2013, the total import and export trade volume hit $2.73 billion in Chenzhou city with an increase of 77.9%, ranking the second place of Hunan province; total processing volume hit $1.99 billion with an increase of 164.9%, ranking the first place of Hunan province; and total fiscal revenue hit 16.54 billion yuan, ranking the top place of Hunan province.

Chenzhou city is a typical resource-based city whose mining economy takes the largest part of the whole economy for a long time. In recent years, undertaking industrial transfer was selected as the first strategy for deepen reform and opening up. Labor-intensive industries, strategic emerging industries and modern service industries were confirmed as the key undertaking industries and much more attention were placed on the construction of production bases as non-ferrous deep-processing, new material and electronic information products development.

Besides those, Chenzhou city also paid much efforts in establishing the undertaking platforms, such as the exclusive national export processing zone with the bonded logistics function of Hunan province, 10 Hunan provincial level undertaking industrial parks, over 10 million square meters standard workshops, etc. and perfecting custom clearance platforms as well. It was upgraded as one of the best cities facilitated with best condition of platforms in Hunan province and central west of China.

Furthermore, Chenzhou city vigorously carried out the investment attraction activities to introduce more enterprises to place their investment in Chenzhou city. According to the record, 1656 undertaking industrial enterprises have been settled down in Chenzhou city since 2009 with foreign investment of $3.22 billion and paid-in domestic investment of 107.48 billion yuan.

The enterprises greatly helped to improve the rapid development of electronic information, new material, advanced manufacturing and other emerging industries in Chenzhou city. Moreover, financial services, logistics, commercial complex, cultural tourism and some other modern service industries were upgraded greatly as well. By the end of 2012, the above-scale manufacturing covered 69.6% of the total scale manufacturing of Chenzhou city and the annual increase for the added value of new material and advanced equipment manufacturing increase 59.2% and 48.8% respectively. On the other hand, the contribution to Chenzhou city’s economy played by mining economy decreased from the first place to the third place.