A total of 10 major projects with a total investment of 21.09 billion yuan ($3.26 billion) began construction in Wuhan Economic & Technological Development Zone (WHDZ) in Wuhan, Central China's Hubei province, on Feb 27, according to local media reports.
Among them, there are six advanced manufacturing projects with a total investment of 4.06 billion yuan, two modern service industry projects with a total investment of 15 billion yuan, and two other projects with a total investment of 2.03 billion yuan.
An urban renewal project, located on Shenlong Avenue in the development zone, will build an urban complex integrating high-end residences, modern business services, parks and green spaces, which will help WHDZ to transform and upgrade its industries and further promote industry-city integration.
Midea's household central air-conditioning project has an investment of 800 million yuan.
The project aims to expand the production capacity of Midea home-style central air-conditioning. The first phase will be transferred to eight production lines in Wuhan to produce air duct machines, small multi-connected products and air energy water heaters.
After the project is completed, it is estimated that about 2 million sets of central air conditioners will be produced every year, and the output value will reach 4 billion yuan.
