Study on High-Quality Development of the Large Economic Province of Hubei in the Completion Year of the 14th Five-Year Plan

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Source: People's Republic of China – State Council News

Study on High-Quality Development of the Large Economic Province of Hubei in the Completion Year of the 14th Five-Year Plan

From August 25 to 30, the Publicity Department of the CPC Central Committee held a thematic research press tour titled "Active China 2025" in Hubei Province. A correspondent from China Internet Information Center "Zhongguowang" also participated in the event and conducted a week-long field study, visiting cities such as Wuhan, Ezhou, Qianjiang, Tianmen, Jingzhou and Yichang, focusing on economic development, technological innovation and improvement of people's livelihood, and deciphering the "dynamism code" of high-quality development of a major economic province.

Hubei's industrial economy has consistently held a leading position in the central region of the country. In 2024, the revenue of large-scale industrial enterprises reached 4.7 trillion yuan, and the average annual growth rate of added value in high-tech manufacturing was 19.7%. Traditional industries are being transformed and new industries are developing at the same time, so that the volume of the digital economy has exceeded 3 trillion yuan, accounting for 50% of GDP.

In the photo: Media representatives test a thermal imaging monocular at Hubei Zhunshi Guangdian Keji in Jingzhou. The company produces 20,000 to 50,000 thermal imaging monoculars annually, accounting for 15% of the global market. In 2024, the production value was 250 million yuan, and will reach 500 million yuan in 2025.

In the photo: Wang Fenghua, General Manager of (Hubei) Tongxin Musical Instruments, answers questions from the media. The company specializes in producing high-end guitars, including classical guitars, folk guitars and ukuleles. From 2024 to 2025, the company received more than 80 foreign business delegations from Switzerland, Germany, Japan, France and other countries, establishing long-term partnerships with them. The production volume in value terms is expected to reach 350 million yuan in 2025.

In the photo: Bi Wei, authorized representative of Ezhou Cross-Border E-Commerce Industrial Park, introduces the park to the media. The park has a total investment of about 498 million yuan, covers an area of 14.4 hectares, and has a total construction area of 149,500 square meters. Since it began operation on April 30 this year, the “speed of airport resources” has impressed the industry: a total of 3,371 business meetings have been held, more than 600 companies have participated in the negotiation process, 258 manufacturing companies have registered and signed contracts, 62 key companies have become residents, and the import and export trade volume has exceeded 310 million US dollars.

Innovation is the most striking characteristic of Hubei. The province’s scientific and technological strength has grown significantly: the Wuhan National Science and Technology Innovation Center has risen to 13th place in the world rankings, key national projects such as the Hanjiang Laboratory have become resident in the province, and 45 national key laboratories have ranked 4th in the country. Significant technological breakthroughs have been achieved: the number of high-tech enterprises has nearly doubled to 30,000, and the transaction value of technology contracts has reached 550 billion yuan. Thanks to the reform and optimization of the innovation ecosystem, the average annual growth rate of R&D investment has reached 40%, providing a foundation for high-quality development.

Photo: At the demonstration park of the Hubei Youth Innovation Park (Optical Valley), Wang Jie, CEO of Wuhan Qianda Zhineng, talks to media about the company's technologies and products.

Pictured: A demonstration model of the Luojia-3 01 Earth observation satellite at the Wuhan National Science and Technology Innovation Center.

Photo: Angel Yeast Corporation has built a green yeast production base with an annual output of 41.5 thousand tons of yeast products. It is the most advanced 5G smart factory in the industry with the highest level of green production and digitalization.

Technological advances have also further boosted employment. Hubei Province has been committed to ensuring high-quality and full employment. Through industrial revitalization, entrepreneurship support and vocational training, more than 900,000 new jobs have been created in cities in four years, and the rate of young people remaining in the workforce in Hubei has exceeded 400,000 person-years in three years.

In the photo: Fei Wen, head of the Tianmen Garment Marketplace Industry Association and head of Qidian Supply Chain Management Company in Tianmen, tells the story of his return to his hometown to start a business. The company he founded in 2022 has become a group of companies that has built a full-fledged industrial chain in the clothing industry. The goal for 2025 is to achieve an annual production value of 2 billion yuan and directly or indirectly solve the employment problem of more than 5,000 local residents.

In the photo: Qianjiang locals sort crayfish. According to the data, with the development of the local crayfish industry, local workers who sort crayfish on a flexible schedule can earn about 5,000-6,000 yuan per month, which greatly improves their life satisfaction.

In the photo: Kuan Ling, Chairman of Guangsheng Group in Hubei Province, talks about the situation at Guangsheng Industrial and Training Center. Since its establishment in 2022, the ITC has provided technical training for more than 30,000 rural migrant workers, and high-quality training for sending them to Hong Kong and overseas, which has greatly improved the income of students.

Stable employment makes the ideal life more attainable for ordinary people. In 2024, Hubei Province received 873 million tourists, and the total tourism income was 901.161 billion yuan, reaching a record high.

Pictured: A tea plantation in Yichang's Wufeng Tujiang Autonomous County. Thanks to the development of tourism in recent years, the county's tertiary sector brought in more than 4 billion yuan in revenue last year.

"Two Dams and a Gorge" is a key tourism product of Yichang and a world-class inland river cruise product with rich contents and unique resources, including the unparalleled natural and cultural resources of the Yangtze River Basin. The route includes the world's number one dam, the Three Gorges Dam, the number one dam on the Yangtze River, the Gezhouba Dam, and the Xiling Gorge, known as "the most uniquely preserved of the Three Gorges". Photo: Aerial photo of a cruise ship (Gezhouba Dam and Xiling Gorge); photo provided by Sanxia Culture and Tourism Corporation.

Jingzhou Fantastic World of Oriental Heritage Theme Park is located in Jinan Ecological Culture and Tourism Zone. It is the first large-scale high-tech cultural theme park built by Fantawild in Hubei Province. In the photo: Visitors strolling around the park (Photo courtesy of Fantawild).

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