Beijing Review - 29.08.2019

(Greg DeLong) #1
2 BEIJING REVIEW http://www.bjreview.com

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City of Comprehensive Growth


Wuhan in central China has earned the dis-
tinction of being called Optics Valley, thanks
to its flourishing optoelectronic industry.
Besides its signature industry, Wuhan has
other key industries including steel, automo-
biles, chemicals, textiles and medicines.
It is a city of comprehensive develop-
ment. A research and education base,
Wuhan has the largest number of colleges
and universities in China after Beijing. The
annual number of postgraduates and gradu-
ates the city produces is among the highest
in the world, contributing to the national tal-
ent pool.
Transportation is another advantage.
Located along the Yangtze River, the city
thrives on strong water transportation.
Historically, besides the ancient Silk Road
and Tea Horse Road, another major route for
trade and exchanges between China and for-
eign countries, called the Tea Road, started
from Hankou Port in Wuhan, giving the city
the reputation of being an Oriental tea port.
Today, although Wuhan no longer serves
as a tea port, its water transport is still busy. In
addition, the China-Europe Railway Express,
a precious fruit of the Belt and Road Initiative,
makes this city an important link in the cargo
rail network that connects China with Europe
through Central Asia.
2QHRIWKHĶUVWEDWFKRIFLWLHVDORQJWKH
Yangtze to open up to the outside world,

Wuhan is also a key destination for foreign
investment in central China. Currently,
nearly 100 of the world’s top 500 compa-
nies operate from Wuhan, including Belgian
brewer Anheuser-Busch InBev, U.S. Verizon
Communications and German Bosch, which
have their China headquarters in Wuhan. The
city also gets a huge volume of investment
from France, accounting for one third of all
French investment in China.
In 2016, the Central Committee of the
Communist Party of China issued a develop-
ment plan for the Yangtze River Economic
Belt, a flourishing economic region com-
prising nine provinces and Shanghai and
Chongqing municipalities and generating
more than 40 percent of China’s national
GDP. Wuhan, part of the belt, is being de-
veloped as a core city, supporting national
economic development, scientific innova-
tion, trade and logistics, and international
exchanges.
From a historical city, it is on its way to
becoming an innovative metropolis with
impressive progress in 5G, the Internet and
the Internet of Things. All this, coupled with
efforts to protect the environment and the
ecosystem, as evidenced by the transforma-
tion of the once heavily polluted East Lake
into a tourist paradise, exemplifies China’s
vision for high-quality development. Q

A News Weekly Magazine
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AUGUST 29, 2019

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