Hubei registers robust investment growth in H1

Central China’s Hubei Province registered a year-on-year growth of 83.6 percent in investment in the first half (H1) of this year, up 16.7 percentage points from the first quarter, official data showed.

Hubei’s private investment soared by 90.3 percent year on year in the January-June period, which accounted for 62.1 percent of the province’s total investment, reaching the highest within the year.

Investments in the new economy maintained steady growth momentum. The province’s investment in high-tech manufacturing skyrocketed by 106.6 percent year on year during the period.

Hubei saw 4,747 newly-commenced projects in the first six months of the year, an increase of 3,149 over the same period of last year. In June, the number of newly-started projects above 100 million yuan and 1 billion yuan achieved the highest since 2019.

Wuhan, capital city of Hubei Province, witnessed its aggregate investment recover to 91.4 percent over the same period in 2019, playing a key role in investment recovery in the province.