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Hubei - Wuhan Economic and Technological Development Zone

Published: 10 Apr 2009 15:27:40 PST

Facts&Figures (2007)

Rating
Year of Establishment	1991
Land Area	192.7 km² (40 km²developed)
Location	Wuhan, Hubei
GDP	RMB 26.5 billion (US$ 3.5 billion), 23.1% up
FDI	N.A
Utilized FDI	US$111.8 million, 80.18% down
Major Investors	Coca-Cola, Changguang Battery, Essex-Tigers Chemical, Dongfeng Honda, Dongfeng PSA, Dongfeng Motor, Mcquay Air Conditioning (Wuhan), Wuhan BOC Gases, TPV Technology Group
Major Industries Encouraged	Metallurgy, Automobile, Machinery, Hi–tech Industries, Food Processing, Beverage, Building Material Processing, Biology Engineering and Medicine

Source: Wuhan Economic and Technological Development Zone

Introduction

Wuhan Economic and Technological Development Zone (Wuhan ETDZ) was established in May 1991 and was approved as a state-level development zone in April 1993. It covers 192.7 km², of which 40 km² has been developed. It is located southwest of Wuhan City, 15 km from its downtown area.

Wuhan ETDZ has three special parks: Wuhan Export Processing Zone (Wuhan EPZ), Modern Logistic Park and Electric Vehicle Industrialization Park. It was the first export processing park to be set up in central China.

Wuhan ETDZ has easy access to Beijing, Zhuhai, and Shanghai via highways and expressways, and is also linked to the Beijing-Kowloon and Beijing-Guangzhou Railways - the two important national transportation arteries in China. Furthermore, Wuhan Port is one of the biggest ports in inland China. In 2007, the port handled 394,000 TEU, an increase of more than 40% from the previous year’s levels.

Investment Climate

In 2007, the GDP of Wuhan ETDZ reached RMB 26.5 billion with a year-on-year rise of 23.1%. The value added industrial output of industrial enterprises reached RMB 22.5 billion, an increase of 28.7% from previous levels.

There are four pillar industries in Wuhan ETDZ: auto and auto parts, electronics, papermaking and printing, and food and beverage. Altogether, the four pillar industries contributed RMB 73.4 billion, or 97.2% of the total industrial output of the park in 2007.