WHDZ reports steady Jan-Aug economic growth

Wuhan Economic and Technological Development Zone (WHDZ) in Wuhan, capital of central China's Hubei province, saw steady economic growth from January to August this year, according to an announcement made at a meeting regarding the zone's economic performance, on Sept 18.

Major economic indicators such as industrial output value, industrial added value, industrial investment, and urban construction investment in the zone all saw steady growth.

Officials including Hu Yabo, secretary of the zone's work committee, and Peng Hao, director of the zone's administrative committee, attended the meeting.

Data revealed that in the first eight months of this year, the zone's industrial added value of enterprises above designated size –– with annual main business income exceeding 20 million yuan ($2.92 million) –– reached a year-on-year increase of 7.8 percent.

Investment in fixed assets was 46.78 billion yuan, a year-on-year increase of 10.7 percent, and industrial investment was 24.81 billion yuan, an increase of 3.3 percent year on year.

Investment in urban construction was 13.69 billion yuan, accounting for 64.29 percent of the annual investment goal.

From January to August this year, WHDZ signed agreements for 42 projects with a total investment of 115.8 billion yuan, with three industrial projects and six projects in the service sector valued at over 3 billion yuan each.

Wuhan Economic and Technological Development Zone holds a meeting regarding the zone’s economic performance on Sept 18. [Photo/WeChat account of WHDZ]

Hu Yabo (middle) addresses the meeting on Sept 18. [Photo/WeChat account of WHDZ]