Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Hubei shrugs off virus, spotlights trade, investment

By ZHENG YIRAN in Beijing and LIU KUN in Wuhan | China Dail | Updated: 2020-05-27 09:40
Share
Share - WeChat
An employee conducts checks on Dongfeng Honda cars at the company's assembly line in Wuhan, capital of Hubei province. [Photo by ZHOU CHAO/FOR CHINA DAILY]

The epidemic-hit region of Wuhan in Hubei province is going all out to stabilize trade and foreign investment as part of its efforts to contain the economic impact of COVID-19 and accelerate recovery of the area, the governor of the province said.

Wang Xiaodong, governor of the province of Hubei, said during a field survey in Wuhan that the basic trend of the region's long-term economic growth and stability has not changed despite the epidemic's impact on Hubei.

With the central authorities' favorable policies, the province will step up efforts to stabilize trade and foreign investment, further open up, and vigorously promote the development of an export-oriented economy.

"The efforts are being made to provide strong support for stabilizing the basic economic situation and revitalize people's livelihoods and economic development from the epidemic," he said.

On May 14, the Hubei government issued 30 new measures to optimize the province's business environment.

The measures are focused on items like encouraging e-government, simplifying the government's service flow, cutting unnecessary requirements for qualification of enterprises, promoting reform on separating permits from the business license, boosting business environment assessments, and raising the quality and efficiency of real estate registration services.

"The introduction of the measures tackles problems in Hubei's business environment. It raised pragmatic requirements for the government, proposed concrete solving methods, and if effectively implemented, the measures are expected to greatly improve the region's business environment and help attract foreign investment," said Pan Helin, executive director of the Digital Economy Academy of the Zhongnan University of Economics and Law in Hubei.

The efforts made by Hubei also respond to the central authorities' economic focus on "six priorities".

They are to safeguard employment, people's livelihoods, the development of market entities, food and energy security, the stable operation of industrial and supply chains, and the smooth functioning of society, Wang said.

On May 19, United States-based manufacturer Honeywell established its emerging market headquarters in Wuhan. It is also an innovation center in the East Lake High-Tech Development Zone-also known as the Optics Valley of China. The company is the first Global Fortune 500 company to establish its headquarters in Wuhan this year.

The market headquarters mainly deals with intelligent building technologies, performance materials and technological solutions for safety and productivity.

"Working with the Wuhan government, we accelerated the preparation pace, and finally landed the project during the special period," said Zhang Yufeng, president of Honeywell China.

He said that the company is always upbeat on Wuhan, and strongly supports the city's epidemic prevention and control efforts as well as its economic and social development plans.

Honeywell will further increase its investment in Wuhan, deepen cooperation with the city, assist Wuhan in recovering from the novel coronavirus epidemic, and realize a new round of development, Zhang said.

Premier Li Keqiang sent a congratulation letter on the inaugural ceremony of Honeywell's newly established market headquarters.

In the face of the economic downward pressure at home and abroad, China's commitment to deepening reform and opening-up and welcoming overseas enterprises to expand investment and cooperation with China will remain unchanged, the premier said in the letter.

Li pledged continuous efforts to create a market-oriented, law-based and globalized business environment where companies of different ownerships, domestic or foreign, are treated as equals.

Hubei's economic situation is vigorously picking up amid challenges brought by COVID-19.

Data from the Hubei Provincial Bureau of Statistics showed that in April, the growth rate of industrial added value of industrial enterprises above designated size, meaning those with annual revenue of 20 million yuan ($2.8 million) or more, was minus 2.4 percent on a yearly basis, sharply narrowed from that of the first quarter, which was minus 45.8 percent.

Trade volume surged by 11.2 percent year-on-year to 31.9 billion yuan.

Fan Hongbin, chief partner of the Wuhan office of accounting firm Deloitte, said to help the region recover and restore market mechanisms, key national projects and policies should be landed. This would improve the region's business environment and attract investments.

The 30 measures issued by Hubei are practical solutions. When they are actually executed, tens of thousands of enterprises are expected to be attracted to invest and contribute to the region's economic development, Pan said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 91在线精品中文字幕| 成年人在线免费观看视频网站| 春暖花开亚洲性无区一区二区| 日韩人妻不卡一区二区三区| 我和岳乱妇三级高清电影| 天天爽夜夜爽人人爽| 国产精品无圣光一区二区| 国产亚洲精品欧洲在线观看| 免费观看无遮挡www的视频| 亚洲成Aⅴ人片久青草影院| 久久午夜夜伦鲁鲁片免费无码影视| 中国videos性高清免费| 78成人精品电影在线播放日韩精品电影一区亚洲 | 亚洲人成中文字幕在线观看 | 亚洲不卡中文字幕| 中文字幕中韩乱码亚洲大片 | 天堂网www在线资源网| 国产成年无码久久久久毛片| 午夜dy888| 亚洲av永久无码精品三区在线4| 中文字幕在线视频观看| 3d成人免费动漫在线观看| 试看120秒做受小视频免费 | 精品国产三级a在线观看| 欧美性受xxxx狂喷水| 成年人免费视频软件| 国产精品久久毛片| 午夜在线观看免费影院| 亚洲一区二区在线视频| 一个人看的www免费高清| 精品国产无限资源免费观看 | 美女视频免费看一区二区| 欧美乱xxxxx| 天天躁日日躁狠狠躁性色AVQ| 国产在线观看91精品一区| 人妻少妇精品无码专区二区| 久久免费精彩视频| 无码av大香线蕉伊人久久| 国产综合久久久久| 国产精品高清2021在线| 国产-第1页-浮力影院|