From January to Julay this year, Hubei export-oriented economy maintained a strong momentum of growth, said the Department of Commerce of Hubei Province on August 21, 2017.
In the seven months, Hubei gained 145.24 billion yuan in exports and imports, up 6.5 percent year on year, especially, the former of which contributed 97.01 billion yuan with a year-on-year increase of 10.6 percent, both ranking the country’s fourth and central China’s second place in terms of the growth rate.
During the period, 138 new foreign-funded enterprises set up in Hubei, accounting for an actual used foreign capital of 5.93 billion U.S.dollars, up 12.9 percent. It was reported that more than 60 percent of the foreign capital flowed to the secondary industry as well as the competitive industries involving auto and parts, biomedicine, etc.
Wuhan, the capital city of Hubei, enjoyed more than 60 percent of the whole foreign investment while Asia, remained the place where most of the foreign investment came from. In addition, the world’s top 500 companies in Hubei amounted to 167, the most in central China.
The seven months also witnessed Hubei’s new overseas enterprises -- more than 60 -- doubling foreign investment to over 800 million U.S.dollars.
During the first seven months this year, Hubei added its international air routes to 41, the shifts of China-Europe (Wuhan) freight train to 133 and the designated ports for importing special products of all types to 9.
(hubei.gov.cn by Ruan Xinqi)
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