Wuhan To Be Hub of Domestic Economy

Saturday, October 4, 2008 5:23
Posted in category China's Other Cities

Outside of Chengdu, there are few cities in China that have as many advantages as Wuhan.

  • It is logistically in a great place with air, rail, national highway, and river transport options all intersecting – in a single location.
  • It has a strong history of industry
  • It has access to a lot of locally sourced raw materials

Where it went wrong it its development is really anyone’s guess, but the being cut off the export markets that made cities like Wenzhou, Shenzhen, and Dalian had access to was certainly a large hurdle for it to over come.

However, with the days of China being solely dependent on its export products, and in the middle of a transition period of significant domestic growth, the city of Wuhan is in a great position to move back up in stature.

The article, Growth dream for city cluster, provides an interesting glimpse into Wuhan’s growth strategy as it looks to take its next steps in development:

More than 1 trillion yuan ($145.6 billion) will be poured into Wuhan, the capital city of central China’s Hubei province and eight other smaller cities in the years running to 2020 for boosting the local economy and build a “resource-saving and environmentally friendly society”.

According to a blueprint unveiled by the provincial government on Saturday, a total of 1.143 trillion yuan will be invested in 131 major projects in the nine cities, which were approved by the central government last December to be an experimental zone for resource-saving and environmentally friendly programs.

and through this:

The provincial government aims to build the nine cities, which account for 60 percent of Hubei’s GDP and cover a third of its territory, into an ecological and livable area as well as an important base of advanced manufacturing, hi-tech, quality agricultural product processing and modern service industries, according to the plan.

The nine cities will share resources of infrastructure, industry deployment, regional markets and urban and rural construction, environmental protection and ecological construction over the next five years.

Where this is particularly interesting is that this development, should it succeed, will represent a HUGE cluster in the middle half of South China.  It will create the same effect as a Shanghai-Suzhou-Nantong-Nanjing-Ningbo cluster has, and from a domestic production/ distribution standpoint it could become THE cluster to be reconed with.

For more information on Wuhan, you can go to my profile of the city, its economic zones, and take a peek at at Wuhan Port here.

Both comments and pings are currently closed.

One Response to “Wuhan To Be Hub of Domestic Economy”

  1. The New Investment Rules For China | The China Vortex says:

    October 4th, 2008 at 7:45 pm

    […] services for Chinese consumers. Think of cities like Dalian, Hangzhou, Ningbo, Xiamen, Guangzhou, Wuhan, Nanchang, Chongqing, Chengdu, Fuzhou, Kunming, Nanning, Nanjing, etc. If you want to get into […]