Wuhan releases 2019 government work report

Zhou Xianwang, mayor of Wuhan, delivered the government work report during the 5th Session of the 14th Wuhan Municipal People's Congress on Jan 7, reviewing the progress that was made in 2019 and setting goals for 2020.

According to the report, Wuhan’s GDP in 2019 is predicted to rose by 7.8 percent. The added value of high-tech sectors and digital economy are estimated to account for 24.5 percent and 40 percent of the GDP.

1,740 poor people shake off poverty in Wuhan last year; the general industrial and commercial electricity prices have been reduced by 10 percent; various taxes and fees have been cut or exempted by 42.8 billion yuan; livelihood input increased by 14.9 percent, representing 72.1 percent of general public budget expenditure; 243,000 new jobs have been created.

In 2019, Wuhan has started 551 projects with investment of more than 100 million yuan; the private investment has grown by about 11 percent, accounting for 51 percent of the total; the contracted investment reached over 2 trillion yuan with paid-in investment of more than 860 billion yuan.

Over 300 world's top 500 companies have settled in Wuhan. The number of newly-added high-tech companies hit a record high with a net increase of about 900. 50 academicians from home and abroad were introduced in the city. The total number of talents has exceeded 2.6 million.

The total subway mileage in the city has been extended to 339 kilometers last year, ranking fifth in the country.

The report makes it clear that the GDP of Wuhan is set to witness a ride of 7.5 percent to 7.8 percent in 2020. The new year should also see 220,000 new jobs to be created, the per capita disposable income growth of urban and rural residents to move on in synchronization with economic growth, the ecological environment to be further improved and the task of saving energy and reducing emissions to be fully completed. (hubei.gov.cn by Ruan Xinqi)