News and Policies
Private businesses invest billions in Hubei after lockdown
Updated: Aug 12, 2020
Xinhua
Print
Share - WeChat
WUHAN -- Privately-owned businesses have earmarked a total investment of 476.5 billion yuan (about $68.5 billion) for 1,577 projects in Central China's Hubei province since late March.
The investments aim to help revive economic growth in the province, which was hit hard by the COVID-19 epidemic.
On Tuesday, privately-owned companies signed 30 investment deals with a total investment value of 116.7 billion yuan at an event in Wuhan, the capital city of Hubei.
Since the outbreak of the COVID-19 epidemic, 110,600 privately-owned companies have donated 17.2 billion yuan and provided 11.9 billion yuan's worth of goods to Hubei, said Zhao Dejiang, secretary general of the All-China Federation of Industry and Commerce.
MOST POPULAR
- 1 China expands visa-free transit policy to more ports
- 2 QR codes to ease border crossing for HK-Macao travel
- 3 China gives foreign companies equal support in equipment renewal, consumer goods trade-ins
- 4 China welcomes more foreign tourists: spokesperson
- 5 First-half figures offer solid base for whole-year growth
Editors' Picks
Infographic:
China's economy showcases steady rebound in H1
Infographic:
Powering new quality productive forces: AI
