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Hubei, a promising land attracting investment from home and abroad

Source: hubei.gov.cn 01/16/2018 04:01:12

In 2017, the number of world’s top 500 companies in Hubei was brought up to 267 as 13 new comers settled in the year, according to the province’s trade conference on January 15, 2018.

In the first 11 months of 2017, Hubei signed 4,586 projects above 100 million yuan, totalling 3.9 trillion yuan, started 3,492 projects above 100 million yuan, totalling 1.8 trillion yuan, according to the conference.

Since unveiled on April 1, the Hubei Free Trade Zone had attracted 8,105 new companies by the end of November. The high-end industries like optoelectronics, biomedicine and new energy vehicles kept mounting here.

The improving customs policies spurred the growth of foreign investment in Hubei. By the end of 2017, Hubei has opened 58 international and regional passenger and cargo air lines and the routes for China (Wuhan) -Europe freight trains added up to 16, covering 28 countries and more than 60 cities.

The conference also revealed that, in 2017, the total retail sales of consumer goods in the province exceeded 1.57 trillion yuan; the imports and exports rose by 20.6 percent; in the first 11 months, the value of the newly signed contracts for foreign engineering projects reached 12.02 billion U.S.dollars, ranking the third place nationwide.

(hubei.gov.cn by Ruan Xinqi)