Wuhan sees robust private investment growth in H1

Wuhan, capital city of central Chinas Hubei Province, registered a year-on-year growth of 90.7 percent in private investment in the first half (H1) of this year, 13.2 percentage points higher than the city’s average. It accounted for 50.6 percent of the city’s total investment, local authorities said on July 28.

In the first half of 2021, Wuhan’s fixed asset investment soared by 77.5 percent year on year, which completed 50.8 percent of the annual target. In June, the city attracted investment of more than 100 billion yuan, reaching the highest in nearly 23 months.

During the six months, the investment of 380 municipal-level major projects amounted to 184.89 billion yuan, contributing 74 percent to the annual target. There were 550 projects worth over 100 million yuan in the city, with a total investment of 690.82 billion yuan.

From January to June, Wuhan’s paid-in investment saw a year-on-year increase of 46.8 percent to hit 554.7 billion yuan, of which industrial projects accounted for 45.04 percent and exceeded the target value by 8.54 percentage points.

In the first half of 2021, the city signed 410 projects worth 704.314 billion yuan, of which industrial projects stood at 222.04 billion yuan, 4.02 times from the same period last year.

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