Over the past 10 years, the Wuhan Economic & Technological Development Zone (WEDZ) has made solid strides in industrial breakthroughs and city construction, with local enterprises thriving.
Having steadfastly adhered to a new development philosophy featuring innovation, coordination, sustainability, openness and sharing, WEDZ has formed a new industrial system that includes automobiles and auto spare parts, electronics and electric appliances, food and beverages, and biomedicine, and is supported by NEV, new materials, smart manufacturing, general aviation, and modern services.
The zone's key economic indicators have continued to climb over the past decade. Last year, the regional GDP of WEDZ reached 186.13 billion yuan ($25.85 billion), 2.2 times more than that in 2012. At the same time, the zone's industrial output above a designated size, fixed asset investments, and total retail sales of consumer goods reached 323.1 billion yuan, 83.27 billion yuan, and 16.25 billion yuan, respectively, which are 1.5 times, 2.3 times, and 3.8 times that of 2012.
