WEDZ's industrial investment highest in Wuhan

Data from the bureau of statistics of the Wuhan Economic & Technological Development Zone (WEDZ) on Oct 31 showed that from January to September this year, the zone reported 63.09 billion yuan ($8.69 billion) in fixed asset investment, up 27.7 percent and 12.2 percentage points higher than Wuhan's average growth rate.

The zone's industrial investment over this period came in at 20.17 billion yuan, a year-on-year increase of 68.8 percent and the highest in Wuhan.

A total of 23 projects, 13 projects and 26 projects were launched in the zone in the first, second and third quarter of 2022, respectively, involving 58.5 billion yuan, 23.35 billion yuan and 16.9 billion yuan of investment. In the fourth quarter, WEDZ will initiate construction on 26 key projects.

Over the first nine months of this year, the zone also had the highest output among industries above a designated size, general budget revenue, and construction output in the city.