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Economic Profile of China's Hubei Province

Updated by the Canadian Trade Commissioner Service, Oct 2016

Hubei Province

Hubei province in central China is located at the junction of the Yangtze River Economic Belt from east to west and the Beijing-Guangzhou Railway Economic Belt from north to south. The province is bordered by Shaanxi to the northwest, Henan to the north, Anhui to the east, Jiangxi to the southeast, Hunan to the south, and Chongqing Municipality to the west. Hubei's GDP in 2015 ranks 2nd among the six provinces in central China and 8th among all provinces in China.

Being the largest comprehensive transportation hub in central China, Hubei possesses strong regional advantages, including having strong scientific and education institutions, being rich in natural resources, having good transport and communication infrastructures and strong industrial bases.  In the year of 2009, the State Council of China approved “the plan for facilitating the rise of Central China”, and President Xi Jinping urged Hubei to become a pivot in the rise of central China during his visit to the province in 2013.

As part of the 13th five year plan, Hubei is expected to focus on the development of advanced and emerging manufacturing industries; promote smarter networking and digitization of the manufacturing industry; encourage privately-owned businesses with the help of advanced technologies and the Internet; and build “household brands.”

In 2016 the CPC Central Committee also approved Hubei to establish Free Trade Zone for purpose of ensuring orderly industry migration toward central regions, establishment of a group of industrial bases for strategic emerging and high-tech industries, setting an example for the implementation of the "Central Region Development" strategy and the development of the Yangtze River Economic Belt.

Facts at a Glance

Economic Indicators in 2015

Major Industries

GDP Breakdown in 2015

Source: 2015 yearly report provided by Hubei Provincial Bureau of Statistics

Wuhan

Wuhan, the capital of Hubei province, is the most populous in central China and possesses strong economic and regional advantages. As a key city in One Belt and One Road Plan and Yangtze Economic Belt Development Plan in China, Wuhan is the economic powerhouse in Central China. The city is the center of central China in terms of industry, finance, business, science and technology and education. The city is also an important transportation hub. Important Chinese metropolises like Beijing, Shanghai, Guangzhou, Chengdu, and Xi’an, are all within1,200 km of Wuhan. By combining traditional industries such as automotive and steel manufacturing with new hi‑tech industries like pharmaceutical and electronic information, Wuhan is positioning itself as one of the most progressive business cities in China. The city is host to 96 science and research institutions and 21 state key laboratories which contribute to Wuhan’s classification as the center of science and technologyeducation and innovation in central China, ranked third throughout China, after Beijing and Shanghai.

Facts at a Glance

Economic Indicators in 2015

Major Industries

GDP Breakdown in 2015

Source: 2015 yearly report provided by Wuhan Municipal Bureau of Statistics


 

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