Sunday, May 13, 2018

Number of Top 500 enterprises in Hubei reaches 101

Source: hubei.gov.cn
Statistics from Hubei local commerce authorities have confirmed that there is one World's Top 500 enterprise settling in Hubei Province every month on average. By far, the number of World's Top 500 enterprises invested in Hubei has exceeded 100, local report said.

In order to take the market of Hubei as well as Mid-western China, World's Top 500 enterprises like Deutsche Telekom have settled in Hubei one after another.

During the first three quarters, actual use of foreign capital in Hubei have amounted 4.45 billion US Dollars, accounting for a 30.4 percent of growth year-on-year, and the growth of manufacturing industry, real estate sector,  wholesale and retail sector reached 26 percent, 100 percent, 72 percent and 73 percent, respectively.

In the mean time, a growing number of enterprises from China's developed regions have invested in Hubei. Until now, Hubei have attracted 2,096 projects from other provinces, with actual capital funded of 411.22 billion US Dollars, which was two times than that of in same period last year.

Hubei, which is located in middle region in China, enjoys the advantages of convenient transportation and geo-location. In the past few years, Hubei has improved connection of transportation, investment environment and accelerated the pace of opening-up, all of which providing an excellent platform for investment for oversea enterprises.(hubei.gov.cn)

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