Wuhan's private sector has achieved remarkable results over the past five years, making great contributions to the city's economic and social development, according to the 15th Congress of Wuhan Federation of Industry and Commerce on May 24.

  According to statistics, private economy accounts for over 40 percent of the city’s GDP, and provides more than 1.33 million jobs. The private investment maintains robust growth, contributing over 50 percent to overall investment.

  Wuhan's leading private companies enjoy sound development momentum. Among Wuhan's top 100 private enterprises in 2021, a total of 23 reported an annual turnover of more than 10 billion yuan in 2020. And the total turnover of top 100 private enterprises crossed the 1-trillion-yuan threshold for the first time.

  The number of private market entities continues to increase. Wuhan boasts 49 national-level specialized and sophisticated enterprises that produce new and unique products, and 871 enterprises at the provincial level.

  (Source: en.hubei.gov.cn)