“The 99.999% high-purity silver which is produced by Yuantai Applied Materials Company has been applied to the space flight and aviation of China.” “By working together with China Travel Service, the silverware shop of Xinda Silver Company attracts more than 1000 visitors every day, contributing 70,000 sales volumes.” More good news of the traditional industry as rare and precious metal were available in Yongxing county in middle of this April.

Yongxing county is famous as “silver city of China” and its rare and precious metal industry predominately based by gold and silver was once prosperous there. But affected by downturn pressure of international and domestic economy, decreasing price of rare and precious metals, and other negative factors, Yongxing county’s rare and precious metal industry was suffered badly.

“We have to handle the transformation and upgrading if we want to keep further development.” Faced by the crisis, Yongxing county followed the requirement of “promoting industry, enhancing entity economy, upgrading quality, and increasing effects” to promote the improvement of “two zones and four parks” forcefully. National pilot of circular economy, national base for the industrialization of recycling of rare and precious metals, “national city mineral” demonstration base, comprehensive treatment of heavy metal pollution of Xiangjiang river, and some other central and Hunan provincial favorable policies were settled down in Yongxing county, which provided favorable conditions for the transformation of its rare and precious metal industry. At the meantime, “shutting up, stopping, merging, transforming” mode was carried out by the county to integrate 129 rare and precious metal enterprises to be 30 scaled and group enterprises, which formatted a batch of recycling enterprises with output value of 3billion and 5billion yuan.

Followed the tenets of “going ahead appropriately, being with full function and ecology-friendly”, Yongxing county collected some capitals by different ways to accelerate the infrastructure construction of industrial parks. In recent three years, about 4billion yuan has been placed on infrastructure projects accumulatively. Now, over 50% of the work has been done. Series projects as square, rain sewage diversion, sewage treatment plant, greening, and etc. have granted the industrial parks with completely new images which can be comparable with the small gardens.

In order to upgrade the core competitiveness of enterprises, Yongxing county realized the upgrading of traditional smelting, deep-processing, environment-friendly engineering by working together with universities, institutes and large-scale enterprises of the industry. Now, some comprehensive recycling engineering of rare and precious metals rank the top level of China even the world, and the comprehensive recycling rate ranks the top place of China as well. Yongxing Environment Protection, Xingguang Smelting, Zhongde Group, Yongxing Guiyan, and other companies carried out strategic cooperation with some central enterprises, which upgraded its hematopoietic function as well as capacity of resisting risks. Furthermore, some favorable policies for encouraging the cooperation between banks and enterprises were issued by Yongxing county. In recent years, over 2billion yuan financing was obtained with the help of the policies. Now, 28 rare and precious metal recycling and environment protection enterprises have signed the contract with Yongxing Industrial Park.

Along with the through upgrading and transformation, Yongxing county’s traditional industry has gradually stepped out of the trouble. In 2015, the technology and trade revenue of the park hit 62.8billion yuan, up 20%; scaled industry added value was amounted to 11.771billion yuan, up 11.8%; fixed assets investment was 15.787billion yuan, up 27.1%; USD117.57million foreign investments have been placed there, up 7.79%; 3.4billion yuan domestic investments have been paid-in, up 41.93%; and 656million yuan tax payments have paid by the park, up 10.58%. It kept being placed in top 20 among 140 Hunan provincial and above level industrial parks in annual comprehensive evaluation for 4 consecutive years.