Wuhan and Economic Trends

Wuhan is the capital of Hubei Province located in South Central China. It is the largest city in Hubei and the most populous city in Central China, with a population of 12 million covers an area of 8,579 km2, and comprises 13 districts, which are subdivided into 160 townships, including 156 sub-districts, 3 cities, and 1 township.

As a "high-growth city", Wuhan enjoys a reputation as central China's major transportation and trading hub with solid economic foundations and is set to benefit even more from China's Belt and Road Initiative. The city is prioritizing the development of world class industrial clusters in optoelectronic information, automobiles and parts, biomedicine and medical equipment and environmental protection. Alongside its plans to develop itself as a global logistics hub, it has plans to strengthen the supply chain cooperation and create a business-friendly environment.

In 2021, Wuhan’s GDP reached 1.7 trillion RMB, with an increase of 12.2% compared to the previous year. In 2021, the per capita disposable income of urban residents in Wuhan came to 55,297 RMB, an increase of 9.8% over the previous year.

In 2021, the added value of Wuhan's primary, secondary and tertiary industries reached over 44.4 billion RMB, 620.8 billion RMB and 1.1 trillion RMB, respectively, up 8.7%, 12.1% and 12.3% year on year.

The city's total imports and exports reached 336 billion RMB in 2021, an increase of 24% over the previous year.

Main Sectors in Wuhan:

• Manufacturing

• Automobile

• Pharmaceutical

• Biotechnology

Main Industrial Areas in Wuhan:

• Wuhan Economic and Technological Development Zone

• Wuhan Airport Economic and Technological Development Zone

• Wuhan Donghu New Technology Development Zone

• Wuhan Donghu Comprehensive Bonded Zone

• Wuhan Xingang Airport Comprehensive Bonded Zone

• Hubei Wuhan Export Processing Zone