page_title: Economy of Changsha
section_title: Biopharmaceutical industry
hierarchical_section_title: Economy of Changsha / Secondary industry / Biopharmaceutical industry
caption_attribution_description: English: Liuyang Industrial Park (Chinese: 浏阳工业园) is an industrial park established by the government of the People's Republic of China in 1997 to foster scientific and technological development.
context_page_description: Changsha is one of the most developed cities and economic centres in China. Changsha's GDP was 932.37 billion RMB in 2016, a year-on-year growth of 9.4% from the previous year, which would rank it No.13 in the country. Its GDP per capita was 123,681 RMB, an increase of 7.0% from the previous year. Changsha's primarily, secondary, and tertiary industries were worth 37.95 billion RMB, 451.323 billion RMB, and 443.952 billion RMB. In 2017, Changsha made its way into the 1-trillion-yuan GDP club with its GDP of 1.02 trillion RMB, becoming the 13th city in China with a GDP of one trillion yuan. Moreover, financial news portal Yicai.com released its 2017 ranking of China’s new first-tier cities, and Changsha is a newcomer. In 2018, Changsha's GDP was 1.1 trillion yuan with its per capita over $20,000, which is considered as a high-income status by the World Bank and a primary developed city according to the international standard.
context_section_description: After years of development and agglomeration, Changsha has developed Liuyang Economic and Technological Development Zone, Changsha High-Tech Industrial Development Zone and Jinxia High-Tech Industrial Development Zone for its biopharmaceutical industry, introducing and fostering a great batch of growth-type enterprises featuring promising market prospect, high technology and strong momentum of development including Hunan Jiuzhitang Co., Ltd, Hunan Jiudian Co., Ltd and Ang Pharmace-utical Co., Ltd.
  The capacity of Changsha to support the industry has been greatly enhanced. Changsha's biopharmaceutical industry is composed of modern Chinese medicine, basic engineeringandmodern seeding. The modern Chinese medicine processing technology and modern seeding technology are among the leading ones of the central region. In 2014, there are over 170 biopharmaceutical manufacturing enterprises in Changsha, of which 66 enterprises were above designated size, 4 were listed ones and 11 had an output value of over RMB 100,000,000. A total of 1504 drug varieties were produced.
caption: Hunan Yuxiang Biology Technology Co,.LTD.
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