The Wuhan Economic & Technological Development Zone (WEDZ) reported an output increase of 8.7 percent year-on-year among industries above a designated size in the first half of 2022, ranking first in Wuhan. That increase came in at 56.5 percent in June alone, a record high. Meanwhile, industrial investment during the first six months was up 92.1 percent, 73 percent higher than the municipal average, according to the zone's economy and informatization bureau.
The bureau has invested 8.42 billion yuan ($1.25 billion) into technological transformation from January to June, 13 percent higher than its original target. In addition, the zone has added 12 new municipal-level intelligent factories, accounting for one third of the total number of newly identified intelligent factories in Wuhan.
In June, the zone and Dongfeng Motor Co jointly issued 10 policies to stimulate automobile consumption. As a result, new energy vehicle sales during this period were 30 times more than the same period last year.
Through the 10 golden policies for market entities, and 33 measures to promote innovation and entrepreneurship, the bureau has also done a great job easing enterprises' burdens and bolstering their confidence.
Moving forward, the bureau will further implement the automobile industrial chain chief system, try to attract more core auto component suppliers, develop the next-generation automobiles, new energy, smart manufacturing, the digital economy and other strategic emerging sectors, and fulfill annual tasks and targets.
