hktdc.com - Wuhan ( Hubei ) City Information
  About HKTDC | Contact HKTDC | My Basket My Basket (0) | My HKTDC | |
Within this section Within hktdc.com
 
Home > Market Intelligence > Profiles of China Provinces, Cities and Industrial Parks

Profiles of China Provinces, Cities and Industrial Parks



 Print  Email Facebook Twitter Share
Content provided by :  China Knowledge
   
12 Sept 2011
Wuhan ( Hubei ) City Information

Major Economic Indicators (2010)

Land Area (km2) 8,494
Population (million) 9.1
GDP (RMB billion) 551.57
GDP Composition
Primary Industry 3.1%
Secondary Industry
(Industry & Contruction)
45.9%
Tertiary Industry (Service) 51%
GDP Per Capita (RMB) 60,612
Unemployment Rate 4.2%
Fixed Asset Investment (RMB billion) 375.3
Utilized FDI (USD million) 3,290
Total Import & Export (USD million) 18,050
Export (USD million) 8,750
Import (USD million) 9,300
Sales of Consumer Goods (RMB billion) 252.3
Source Source: Wuhan Economic & Social Development Report 2010

 
Introduction
 

As the capital of Hubei province, Wuhan is one of the most important cities in central China. It has 8.3 million residents and spans 8,498 sq km. Possessing a total water area of 2,187 sq km, Wuhan is renowned as the “Riverside City” and “Water City” in China.

The Yangtze River and Han River divide Wuhan into three districts; Wuchang, Hankou and Hanyang, which are commonly known as the “Three Towns of Wuhan”. Traditionally, Wuchang has served as its educational center, Hankou, as its commercial region, and Hanyang, as its industrial area.

Wuhan is the most important transportation hub in the central region, which connects the east with the west, channels the north to the south, and links rivers with the sea through its developed transportation network,. It is also one of the most important inland river harbors in Chinese history. When Wuhan Yangtze River Bridge was built in 1957, Wuhan also became the transportation hub of central China. Today, China's north—south and east—west traffic arteries (such as 4 trunk railway lines and 6 national expressways) meet in Wuhan. Furthermore, downtown Wuhan is about 30 km from Wuhan Tianhe International Airport.

Wuhan is the scientific and educational center of central China, with 52 higher educational institutions such as Wuhan University and Huazhong University of Science and Technology. It has produced a large number of historically prominent people such as Xia Juhua, Chen Bohua and Xia Yutian.

 
Economic Features
 
Wuhan is the largest economy in Hubei Province. In 2010, the GDP of Wuhan was RMB 551.58 billion with an increase of 14.7%. Value-added output from primary industry hit RMB 17 billion in 2010, rising 4.5% from a year ago. Secondary industry and tertiary industry generated value-added output of RMB 253.28 billion and RMB 281.29 billion, up 17.8% and 12.5% compared with the previous year, respectively. Primary industry, secondary industry and tertiary industry comprised 3.1%, 45.9% and 51% of the city's GDP, respectively.

The value-added industrial output of the city rose 21.7% year on year to RMB 194.13 billion. The gross industrial output value of heavy industry and light industry amounted to RMB 493.13 billion and RMB 149.33 billion, accounting for 77% and 23% of the industrial sector.

Wuhan is China's traditional manufacturing base, which has advantages in the automobile, machinery manufacturing, and iron and steel industry. It is now developing modern manufacturing industries, focusing on technology improvement and the development of industry clusters.

Wuhan had 10 pillar industries: auto and auto parts, equipment manufacturing, electronics, iron and steel, cigarette and food processing, energy, petrochemicals, home appliances, construction materials and biopharmaceuticals. The combined industrial output of these pillar industries reached RMB 627.1 billion, accounting for 97.6% of the city's total.

Wuhan is a big iron and steel production base. Wuhan Iron and Steel Group is the third largest iron and steel producer in China after Baosteel and Angang Steel. The output of steel and iron in 2009 reached 13.43 million tons and 12.65 million tons respectively.

Wuhan is the headquarters of Dongfeng Motor Co. It was jointly created by China's third-largest auto group, Dongfeng Motor Corp, and Japan's second-biggest carmaker, Nissan Motor Co., with a combined investment of more than US$2 billion, making it the largest JV automaker in terms of investment value.

In 2010, Wuhan's total foreign trade reached US$18.05 billion, increased 57.6%. . Export increased 50.3% to US$8.75 billion in 2010, while import totaled US$9.3 billion with an increase of 65.1%.

Wuhan is a major destination of FDI in Hubei. In 2010, the city's utilized FDI amounted to US$3.29 billion, an increase of 12.2%. The investors in Wuhan come mainly from Japan, France and Hong Kong.
 
Cultural Highlights
 

Wuhan’s history dates back to 3500 years. It was formerly named Panlong Town. Panlong Town is the oldest city ever discovered in the Yangtze River Basin. Due to its well-developed transport network and abundant local products, this area has always been a crucial military stronghold . In recent times, it has also transformed into a political and commercial center.

 
Tourist Attraction
 

Wuhan has plenty of attractions such as target="_blank">Yellow Crane Tower,Baotong Zenist Temple, Guiyuan Zenist Temple, Qingchuan Pavilion, East Lake, etc. The >Yellow Crane Tower was built in 223 AD. It is renowned for its poetry. Many famous poets such as Li Bai, Bai Juyi and Lu You have written poems there. Wuhan also boasts some museums like Zhongshan Warship Museum and Qingchuan Pavilion.

Wuhan has its own unique food culture. There, Jingzhou Cuisine meets Huangzhou local cuisine. There are many renowned delicacies, such as “steamed blunt snout”, “ braised soft-shell turtle”, and typical snacks, like steamed dumplings from “Sijimei”, Doupi from “Laotongcheng”, hot dry noodles from “Cailinji”, and sweet dumplings from “Wufangzai”.

 
Major Development Zones
 

By the end of 2010, Wuhan had three state-level development zones. The area and pillar industries of these three zones are presented in the table as follows.

Name
Area ((km²)
Pillar Industries
GDP in 2010
(RMB billion)
Wuhan East Lake High-Tech Park
232.0
photovoltaic products, telecommunications
53.1(value-added industrial output, 2008)
Wuhan Economic & Technological Development Zone
192.7
metallurgy, automobiles, machinery, and high–tech industries
36.79
Wuhan Export Processing Zone
2.7
electronic products, automobiles and auto parts
N.A

Source: National Development and Reform Commission
 
Honors
 

China's State Pilot Zone for Overall Reform on Building Resource-Conserving and Environmental Friendly Society (2007)
-State Council of China

China Best Tourist City (2000)
-National Tourism Administration, PRC

China Historic and Cultural City (1986)
-tate Council of China

 Print  Email Facebook Twitter Share