The Wuhan Economic and Technological Development Zone (WHDZ) in Wuhan, capital of Central China's Hubei province, signed cooperation agreements on 41 key projects from January to May, providing a boost to the zone's industrial development.
The 41 projects are valued at 82 billion yuan ($11.92 billion), more than any other zone in Wuhan.
During the five-month period, actual investment in the zone was 30.02 billion yuan, a year-on-year increase of 31.9 percent, while actual foreign investment was $1.09 billion, an increase of 15 percent.
The zone introduced four projects funded by global top 500 companies, four projects funded by domestic top 500 companies, four funded by state-owned enterprises, and more.
The projects involve things such as next-generation automobiles, intelligent networks, finance, education, healthcare, and modern services.
For example, Chinese automaker Geely Holding Group invested in a vehicle project in the WHDZ that focuses on the design and manufacturing of premium vehicles. The project is expected to boost technological innovation in the zone's automobile sector.
In addition to manufacturing, the zone also focuses on the modern service industry, including healthcare.
A rendering of the Geely vehicle project in the Wuhan Economic and Technological Development Zone in Wuhan, Hubei province [Photo provided to China Daily]
