Corporate representatives pose for a group photo during a signing ceremony on July 9. [Photo provided to en.whkfq.gov.cn]
The Wuhan Economic & Technological Development Zone (WEDZ) signed agreements for 30 major projects at a municipal summer economic and trade program signing ceremony held on July 9 in Wuhan, capital city of Central China's Hubei province. The projects were worth 66.5 billion yuan ($9.9 billion).
On July 4, Hubei Xingji Shidai Technology – a firm based in WEDZ – officially declared ownership of 79.09 percent of shares of Meizu Technology Co. Xingji Shidai Tech has decided to establish a research center, a sales center, and other departments responsible for the production and operation of Meizu Tech.
Dongfeng Honda Automobile Co planned to invest in the sales headquarters in WEDZ, which will involve sales and management activities using multiple marketing models.
The Luxun Bookstore and Art Gallery project is scheduled to be built in the Three Kingdoms Historical and Cultural Park on Shefa Mountain, with five functional areas for book display, culture and creativity, cultural lectures, dining, and art exhibitions to be established.
Since last year, WEDZ has been attracting investments in a more targeted way, through industrial, innovation and supply chains, and agreements for about 20 new energy and intelligent connected industrial projects have been signed. The programs will further help the zone optimize its industrial structure, accelerate industrial upgrading, and inject new vitality into its economy.
