Hubei on the cusp of new economic boom: China Daily contributor


The Eye of East Lake Ferris wheel is seen in the foreground of the lake in Wuhan, Central China's Hubei province, on Aug 17,2020. - Xinhua

BEIJING (China Daily/ANN): Since the lifting of epidemic-induced lockdown in Wuhan on April 8, the economic recovery of its parent province has been better than expected -- Hubei province's GDP growth increased from minus 39.2 per cent in the first quarter of the year to minus 19.3 per cent in the first half of the year, and minus 10.4 per cent in the first nine months.

In the first three quarters, the added value of industries above designated size (output growth of industries with annual revenue of 20 million yuan (S$4 million) or more from their main business operations) increased for five consecutive months, with a growth of 6.2 per cent in September.

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China , Hubei , economic boom

   

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