Wuhan Investment Environment
A Brief Introduction to Wuhan Investment Environment
Wuhan, capital city of Hubei province, consists of 13 districts and 3 development zones on the national level. It has a population of 8.31 million and covers 8647 square kilometers. Wuhan, boasting an advantageous location along the Yangtze River, connects east with west and north with south. It serves as the bridgehead in the course of accelerating the development of Middle and Western Regions. According to the statistic report issued by UN in Feb. 2002 on development index and prospects of major world cities, Wuhan ranked the sixth among the 25 cities with most development potentials in China. Compared with other big cities in China, Wuhan has many other characteristics, besides its obvious regional advantages.
First of all, Wuhan has transport advantages. Wuhan, called the hinge which connects nine provinces, has well developed sea, ground and air transportation. Two transportation arteries, East-to-West Yangtze River and North-to-South Beijing-Guangzhou railway, meet at Wuhan. Beijing-Jiulong railway and Beijing-Guangzhou railway, Beijing-Zhuhai expressway and Shanghai-Chengdou expressway meet together in Wuhan. All of them constitute complete networks of railroad and expressway to connect North-China, Southwest, Middle-South and East China. Wuhan has the 4th biggest railway station and the 4th biggest airport. Wuhan Port, the biggest inland port in China, has sea routes to 14 countries and regions such as Japan, Singapore, Hong Kong, and Macao. Wuhan, whose telecommunications are an important hinge where Beijing-Wuhan-Guangzhoug coaxial cables and Shanghai-Nanjing-Wuhan-Chongqing optical fiber communication meet in Wuhan is also the center of post communication to the seven Middle-South provinces.
Secondly, it has market advantage. Wuhan, the biggest circulation center and the biggest location of collecting and distributing cargo, can radiate neighboring provinces, Hunan, Jiangxi, Anhui, Henan and Sichuan, with a total population up to 400 million. Various commodities have prospective market in Wuhan. The financial market of Wuhan, one of the nine biggest financial markets and the biggest national debt transaction center in China, is being flourished. The financial transaction market in Wuhan is playing an important role in national financial market of transaction. Goods and materials market of Wuhan is the biggest trade center in China.
Thirdly, it has industrial advantage. Wuhan is an important industrial base in China. It has a well-established industrial foundation and highly developed electro-mechanical industry. Especially, it has a complete series of industry sectors and facilitating services. Almost all kinds of investment programs can find their counterparts or relevant partners. Great opportunities will be offered to domestic or overseas electro-mechanical merchants with the development of 「Optic Valley of China (Wuhan)」, the construction of Three-Gorges Project and West Region Development.
Fourthly, it has high-tech advantage. There are 35 universities or colleges, 736 institutes of research and design, and 10 key laboratories on national level. It has 43 academicians and 450 thousands of professionals in various fields. The comprehensive strength of science and education is in the 3rd position in China. East Lake Region of Wuhan is the 2nd most intelligence-intensive region, next to Zhongguancun in Beijing. It occupies a leading position in the fields of telecommunications, bio-engineering, laser, micro-electronic technology and new materials in China.