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Wuhan expects to soar with airport economy

Source: hubei.gov.cn 12/04/2015 03:12:02

-- Wuhan Linkonggang Economic & Technological Development Zone

A batch of aviation high-tech enterprises were distributed along Jinshan Avenue in Wuhan Linkonggang Economic & Technological Development Zone.

Airport economy is becoming a new engine of regional economic development in China. 63 airport economic zones have been projected nationwide surrounding 54 airports in 62 cities.

Hubei has issued some opinions to push forward the construction of Wuhan Linkonggang Economic & Technological Development Zone in May 2015, and a comprehensive development planning (2014-2030) has also been released by Wuhan.

As the only national economic and technological development zone named after “linkonggang” (means “airport area”) in Hubei, Wuhan Linkonggang Economic & Technological Development Zone now has its eyes firmly set on a new stage of economic growth with advanced manufacturing industries and high-end services.

After the Fifth Plenary Session of the 18th Communist Party of China Central Committee, Wuhan Linkonggang Economic & Technological Development Zone puts forward the “one-three-five” development strategy for the next five years, namely, “one goal, three tasks, five measures”.

One goal: Take the lead in building a moderately prosperous society in all respects in Wuhan’s new urban district.

Three tasks: Put emphasis on high-quality and efficiency-oriented economic growth, and construct a central China airport economy pilot zone, Hubei high-end industry cluster district & Wuhan water-front ecological and happy new urban area.

Five measures: Adjust industrial structure through innovative development; urge system transformation through coordinated development; improve urban functions through green development; serve domestic and foreign markets through opening up; benefit the people by enhancing living standard of residents.

How can Wuhan Linkonggang Economic & Technological Development Zone achieve the goal? This article gives an analysis of the Zone’s six new development engines.

Aviation Manufacturing Industry

Factory of Wuhan Hangda Aero Science & Technology Development Co., Ltd

Aviation manufacturing is a high-end industry with high technical content, high added value of products and high market access threshold. At present, a batch of aviation manufacturing and maintenance enterprises such as Wuhan Hangda Aero Science & Technology Development Co., Ltd, HangXin Electronics Co., Ltd and Lingyun Science & Technology Group Co., Ltd have settled in Wuhan Linkonggang Economic & Technological Development Zone, with a combined annual output value of around 10 billion Yuan.

As the largest MRO service provider for aircraft components in China, Wuhan Hangda is located in Dongxihu District of Wuhan, China with a construction area of 30000 square meters and 15 minutes drive to Wuhan Tianhe Airport. It is a high technology enterprise with business in aviation industry, including aircraft component maintenance, repair, and overhaul, test equipment development and manufacturing, and aircraft ground refueling equipment research and development. The company signed a contract with Wuhan Linkonggang Economic & Technological Development Zone in May 2015 to invest 3 billion Yuan to construct an airborne equipment R&D center, a test center, workshops, etc. with a floor area of over 300 mu.

High-end Service Industry

Hailin Square in Wujiashan

Emerging finance is an important point for Wuhan Linkonggang Economic & Technological Development Zone to realize differential development from traditional finance in central urban Wuhan and construct a new financial cluster. The Zone has introduced over 10 major internet financial projects like CITIC Asset Management Corporation and Minsheng E-commerce during 2015.

A modern finance industrial park of Minsheng E-commerce was officially settled in Wuhan Linkonggang Economic & Technological Development Zone in May 2015, with investment of 740 million Yuan. The project is aimed to construct a high-end modern logistics industrial park and the annual comprehensive output value will reach 3 billion Yuan when put into use.

Modern Logistics Industry

“Wuhan-Xinjiang-Europe” freight train

Traditional logistics industrial is one of the three competitive industries in Wuhan Linkonggang Economic & Technological Development Zone, with over 2,800 logistics enterprises, accounting for 0ne third of the logistics output value in Wuhan city. Most of these enterprises are distributed along the Dongxihu section of National Highway No. 107 in core areas such as Wujiashan and Duoluokou.

The Zone has started westward migration work of traditional logistics enterprises in Wujiashan since this year. Excellent enterprises are moved into modern logistics development zone for better development. Taking the path of “internet plus”, Wuhan Linkonggang Economic & Technological Development Zone will implement the internet logistics project, enhancing the integration of IT, e-commerce and logistics industry. Besides, endowed with the advantages of bonded logistics center, railway container central station, “Wuhan-Xinjiang-Europe” freight train, etc., the zone will strive to develop multimodal transport, international logistics and cross-border e-commerce.

Related: China-Europe freight train links Wuhan with Moscow

Innovation Drive

Imported commodity center

Under the drive of innovation, major economic indicators of Wuhan Linkonggang Economic & Technological Development Zone in the first three quarters of 2015 have witnessed a growth of 11 percent. Strategic emerging industry and “internet plus” enterprises become new engines of the Zone’s economy. As introduced, the output value of high and new technology industry in the Zone in first half of the year was 10.808 billion Yuan, a growth of 30.2 percent.

In first half of 2015, a total of 26 incubating enterprises and pre-incubating enterprises were added in the Zone, including 13 technology-based start-ups, 4 college students’ pioneering enterprises and 3 Taiwan-invested enterprises.

Talent Recruitment

Cross-strait science and technology industrial park

Wuhan Linkonggang Economic & Technological Development Zone has started “Jinshan Talent Program” since 2013, recruiting large scale of talents from home and abroad and providing as much as 100 million Yuan for innovation teams.

At present, a “1+8” talent policy system has been form in the Zone. As introduced, in 2014, 7 people in the Zone were selected into the “Yellow Crane Talent Program” and 12 into the “Yellow Crane Talent (Special Project) Program”. By 2014, a total of 187 enterprises have been incubated in the cross-strait science and technology industrial park in the Zone.

Ecological Happiness

Linkonggang ecological and happy new city

In recent years, Dongxihu District in Wuhan has injected significant capital to reconstruct the old city of Wujiashan, and put forward the idea to build a Wuhan water-front ecological and happy new urban area.

After years’ of planning, the Jinyin Lake drainage system connection project has been put into action in 2014 and will soon be completed. A 30km greenway will be constructed around the Jinyin Lake. On September 25, 2015, the 10th China (Wuhan) International Garden Expo kicked off in Jinyin Lake area, presenting Wuhan’s green development and ecological strength to the world.

Related: Scenery of International Garden Expo Park in Wuhan

(hubei.gov.cn by Mao Huifang)