20b-yuan GBA projects settle in Optics Valley

The Wuhan New City promotion and business attraction conference is on May 8 in Shenzhen. [Photo/WeChat account of Optics Valley of China]

The Wuhan New City promotion and business attraction conference was held in Shenzhen, South China's Guangdong province, on May 8.

Participated by Skyworth, BGI, and other 150 Fortune 500 companies, major State-owned enterprises, and leading private firms, and designed to boost business and trade exchanges and connectivity between Wuhan and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the event saw the settlement of a series of projects worth 20 billion yuan ($2.89 billion) in the East Lake High-tech Development Zone (also known as Optics Valley of China, or OVC).

These projects involved fields of new-generation information technology, automobile manufacturing and service, digital economy, smart manufacturing, and business and trade services, and are expected to facilitate the construction of the Wuhan New City and serve the new development pattern.

Representatives from renowned corporations delivered keynote speeches, hailing Wuhan as a heroic city blessed with resilient growth, convenient transport, full-fledged industrial ecosystems, and abundant sci-tech innovation resources.

Du Yutao, Party secretary of BGI, speaks at the conference on May 8. [Photo/WeChat account of Optics Valley of China]

Du Yutao, Party secretary of BGI, cited the city as vibrant with a robust population surge and solid foundation to develop emerging industries. He continued to praise that the company is taking proactive actions to integrate into the Wuhan New City.

About 300 GBA-based projects worth 100 million yuan have been signed for Wuhan since 2016, with Huawei, Tencent, BYD, and other manufacturing giants having had industrial deployments in the city.