The growth rate of investment in Wuhan, the capital city of Central China's Hubei province, has led the province for three consecutive months, according to Wuhan's development and reform commission.
According to officials, since April of this year, investments and major projects have progressed better than expected.
From January to July, despite the impact of the COVID-19 epidemic, Wuhan's investment growth rate was 6.6 percentage points higher than that of the province. The decline rate for investments in industry, real estate and infrastructure narrowed by 10.4, 5.2 and 2.5 percentage points from the first half of the year.
Progress has been achieved in the development of major municipal-level and provincial-level projects.
From January to July, major city-level projects received investments totaling 182.49 billion yuan ($26.73 billion) – 67.3 percent of the annual target. During this period, key provincial projects saw an investment of 54.27 billion yuan, which is 80.6 percent of the yearly target.
District-level investment also rebounded in a big way, especially in Wuhan's three major development zones, including the Wuhan Economic & Technological Development Zone, which showed a growth rate outperforming the city's average.
