Wuhan Auto Parts Industry Investment Growth

Wuhan's "industry doubled" continued to maintain a good momentum. The Municipal Economic and Information Commission recently reported on the implementation of the " Industrial Multiplication " plan for January-April in Wuhan: The city's industrial investment has completed 36.951 billion yuan, an increase of 79.1% year-on-year, and the increase has continued to maintain a high trend.

The report said that in the previous April, industrial investment accounted for 32.4% of Wuhan's fixed asset investment, an increase of about 10% compared with the same period last year. The three development zones completed 14.511 billion yuan, a year-on-year increase of 92.39%, accounting for 39.3% of Wuhan's total industrial investment; six new urban areas completed 17.905 billion yuan, an increase of 73.1% year-on-year, accounting for 48.5% of the city's industrial investment; The downtown area completed 3.016 billion yuan, an increase of 63.65% year-on-year, accounting for 8.2% of the city's industrial investment.

In terms of sub-divisions, the total investment is ranked according to the accumulated investment. The top three are in turn the Wuhan Development Zone, East Lake Development Zone, and Jiangxia District.

From January to April, Wuhan signed a total of 32 new contracts with over RMB 500 million in total investment, with an agreement investment of RMB 43.52 billion; 96 new projects were discussed, and the total investment reached RMB 167.7 billion. On the whole, project signings are progressing steadily, and project negotiations are actively being carried out. However, major project reserves of over 5 billion yuan are still insufficient.

In terms of sub-districts, according to the total investment in the new contracted projects, the top three are Jiangxia District, Donghu Development Zone and Wuhan Development Zone.

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