Wuhan Economy

Wuhan is a sub-provincial city. Its GDP was RMB 396 billion and GDP per capita was approximately RMB 44,000 (US$6,285) as of 2008. In 2008, the city's average disposable income was 16,360 yuan.

Wuhan has currently attracted about 50 French companies, over one third of French investment in China, the most among Chinese cities.

Wuhan is an important functional center for economy, trade, finance, transportation, information and technology, and education in Central China. Its major sectors include modern manufacture industry with optic-electronic information, automobile manufacture as the key components, steel manufacturing, new pharmaceutical sector, biology engineering, new material industry, environmental protection. Wuhan Iron & Steel (Group) Co. and Dongfeng-Citroen Automobile Co., Ltd settle in this city. Besides, there are in this city 35 higher educational institution including the well-known Wuhan University, Huazhong University of Science & Technology, 3 state-level development zones and many enterprise incubators. The comprehensive strength of science and technology ranks the third in China.

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