The latest government work report of the Wuhan Economic & Technological Development Zone (WEDZ) was released on Dec 27.
In 2022, the zone's GDP exceeded 200 billion yuan ($28.7 billion), the second highest in Wuhan, while a total of seven new energy vehicle (NEV) manufacturing bases were established and the zone's NEV annual output now reaches 1.3 million, putting it at the national forefront.
The gross output value of industries above a designated size is estimated to have reached 345 billion yuan, up 7 percent and a record high. In addition, the zone also registered 93 billion yuan in fixed asset investment and 17.87 billion yuan in total retail sales of consumer goods.
The contract value over the past year came in at 120 billion yuan, with many related indicators leading Wuhan, while the zone's foreign investment in actual use came in at $2.33 billion, among the highest in the city.
Also worth noting is a surge in the number of new market entities, at 15,000, up 62 percent year-on-year.
There are 87 social welfare programs currently being carried out in the zone, and the city's Metro Line 16 will officially begin operating soon.
In the new year, WEDZ's GDP, fixed asset investment, added value of industries above a designated size, and total retail sales of consumer goods are expected to achieve growth rates of 7.5 percent, 9 percent, 8 percent and 11 percent, respectively.
Simultaneously, the government will accelerate the building of a modern industrial system, focus on science and technology commercialization, promote industry-city integration, achieve regional coordinated development, adapt to the dual-circulation development paradigm, prioritize environmental protection, and adhere to the green development model.
