Optics Valley’s GDP breaks 100-bln-yuan mark in H1

The Optics Valley saw a steady and good economic performance in the first half of this year (H1), with GDP breaking the 100-bln-yuan mark, a year-on-year increase of 34.1 percent, according to a work conference held by the Wuhan government on July 28, 2021.

In H1, the zone witnessed 1,973 new high-tech enterprises register and three technology-based enterprises go public, pushing the number of which to 52. The investment for high-tech manufacturing sector in the zone amounted to 30.8 billion yuan, accounting for 98.9 percent of its total industrial investment.

The paid-in investment in the zone stood at 56.5 billion yuan during the same period, of which 31.47 billion yuan was for industrial projects, accounting for 55.7 percent.

In addition, the zone signed 57 new industrial projects worth 88 billion yuan, marking the completion of its annual contract target six months in advance.

Statistics show that from January to June, the investment for fixed asset in the zone hit 60.595 billion yuan, of which the industrial investment expanded 95.8 percent year on year to 31.174 billion yuan, accounting for 51.4 percent; industrial electricity consumption grew by 46.3 percent year on year; new market entities reached 11,000, including more than 6,700 enterprises.