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Wuhan aims for 12% GDP growth this year

13 March 2013
Wuhan is targeting a GDP growth rate of 12 per cent this year and 10 per cent growth in export value, according the city’s 2013 development plan issued on 11 March by Wuhan Development and Reform Commission.

Wuhan achieved a GDP growth of 11.4 per cent in 2012, compared with the national average of 7.8 per cent. Utilised foreign investment is expected to exceed US$5.3bn, surpassing coastal cities such as Shanghai and Guangzhou for the first time.

Total infrastructure investment will increase 18 per cent to Rmb590m. Important new projects include starting construction on three major bridges across the Yangtze.

     
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