Wuhan Opens Investment Website
Wuhan, in Hubei province, has recently unveiled a new
website to attract domestic and overseas investment.
Located in central China, Wuhan is the sixth largest
city in China, with a population of 7 million, and is
situated on the Yangtze River. It is an important transportation
hub in China, and has been a home to heavy industry, including
steel and manufacturing.
With China's economic restructuring, the Chinese government
is no longer investing in many state-owned enterprises.
This has forced early retirement for many workers, and
in other cases, losses of jobs.
As part of China's economic restructuring, the Chinese
government is selling off many assets to both foreign
and domestic enterprises, and is inviting investors to
participate in Wuhan's modernization so that the new businesses
will be competitive, both domestically in China, and on
the international marketplace.
More than 1,800 projects have been posted online at www.wuhaninvest.gov.cn.
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