Wuhan Development Zone Grabs Large Post-COVID Investment

Wuhan held the first post-epidemic large-scale investment promotion activity in south China's economic hub Shenzhen earlier this month.

Market entities of the two places signed 13 projects involving next-generation automobiles, artificial intelligence, automobile aftermarket and other fields, with a total investment of 89 billion yuan during the July 1 event. The signing of these projects highlights the unique investment advantages of Wuhan Development Zone and injects new vitality into accelerating the region's post-epidemic recovery and creating a new highland for gathering capital and wisdom, according to the Publicity Department of Wuhan Development Zone.

Attending enterprises include senior management from Sky-well New Energy Automobile Group Co. Ltd., Sunac China Holdings Limited, Huawei and other locally headquartered leading firms in industrial, real estate and other sectors.

Wuhan Development Zone is a national development zone with strong comprehensive competitiveness in the country's central and western regions. With an annual output of more than 1 million cars and 17 million air conditioners, it is the main venue, engine and pillar for Wuhan's industrial and economic development.

As the core area for Wuhan Development Zone's future transformation and upgrading and high-quality development, the region's science and technology innovation headquarters base is accelerating planning and construction. Located near the Yangtze River and South Taizi Lake, the base boasts superior geographical, transport and infrastructure conditions.

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