China News Service, Wuhan, January 23, report title: Wuhan realizes economic "turnback" after the epidemic
China News Agency reporter Zhang Qin
In the first quarter, GDP fell by 40%, in the second quarter it was flat in a single quarter, in the third quarter it was “strongly turned positive”, the economic aggregate returned to the top ten cities in China, and the fourth quarter was a “decisive battle sprint”...
Data map: Wuhan Metro.
Photo by China News Agency reporter Zhang Chang
Rush time to make up progress with all efforts to "recover"
Production was suspended in January 2020, work resumed in March, the highly flexible production line "Quantum Wire" independently developed in June was put into use, and the world's first 5G folding screen flip phone was launched in September...Lenovo (Wuhan) Industrial Base Park Management Senior Manager Wang Shu believes that despite the suspension of work and production, the epidemic has also spawned many new consumer demands and accelerated the intelligent upgrade of the manufacturing industry.
Today, Lenovo (Wuhan) production base rolls out one device every second, and more than 100,000 mobile phones, tablet computers and other products are shipped to more than 160 countries and regions around the world. In 2020, the industrial output value of the base will reach 34.6 billion yuan (RMB, below). with).
Dongfeng Honda, located in the Wuhan Economic Development Zone, is the largest single industrial enterprise in Hubei.
Since the resumption of production on March 11, full production has been achieved in just 26 days.
Starting from April 2020, Dongfeng Honda has achieved positive growth for eight consecutive months, with cumulative sales of over 850,000 vehicles throughout the year, a record high.
Less than a month after Wuhan was "unblocked" last year, more than 130 billion yuan of major projects were fully resumed.
Since then, major projects have been signed or started every month. In the fourth quarter alone, major projects with a total investment of 290.76 billion yuan have pressed the start button, which has become an important support for stimulating local economic growth.
"Faced with the impact of the epidemic, Wuhan's economy has demonstrated strong resistance to shocks and resilience." Qin Zunwen, a researcher at the Hubei Academy of Social Sciences, believes that this is closely related to Wuhan's adjustment of industrial structure, development of new industries, and cultivation of new momentum in recent years.
Seize opportunities to promote investment and turn crises into opportunities
On November 2, 2020, Alibaba’s central China headquarters project settled in Wuhan; on December 20, the Yangtze River Coastal Railway Group Co., Ltd. was established in Wuhan.
Half a year ago, Honeywell's Emerging Market Headquarters and Innovation Center was inaugurated in Wuhan, becoming the first Fortune 500 company to establish a company in Wuhan that year.
According to statistics, in the first three quarters of 2020, more than 300 domestic and foreign top 500 companies and thousands of entrepreneurs came to Wuhan to discuss investment projects.
The actual capital in place for investment promotion in Wuhan was 731.78 billion yuan, a year-on-year increase of 4.5%.
Zou Wei, a professor at the School of Economics and Management of Wuhan University, believes that despite the impact of the epidemic, Wuhan's long-term accumulation of location transportation, scientific and educational talents and industrial advantages will not be wiped out by an epidemic.
With the help of the central government's package of support policies and the "hands-up and pull" of the whole country, a number of world-class and national-level events have landed in Wuhan, and a number of national-level policies and pilot projects are tilted towards Wuhan, which also injects strong impetus into Wuhan's economic recovery. .
Taking the post-epidemic recovery as an opportunity, Wuhan continued to increase corporate rescue funds on the one hand, and introduced fresh “blood” on the other.
Statistics show that there were 186,500 new market players in Wuhan last year. Since Wuhan was "unblocked" on April 8, there have been more than 900 new market players every day.
According to analysis by Ye Qing, deputy director of the Hubei Provincial Statistics Bureau, looking at Wuhan’s economic performance last year, from bottoming to rebounding, the decline in major indicators has been narrowing and turning positive, showing a "V"-shaped trend as a whole.
He believes that with the effectiveness of a series of new projects and new investments, and local experience in epidemic prevention and control, it is expected that Wuhan's economy will continue to recover in the first two quarters of 2021.
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