Wuhan’s economy bounced back to growth in the first half of this year, as the city gradually resumed work and production after having the COVID-19 epidemic effectively contained, local authority said on July 15.

  As of June 30, the resumption rate of designed size enterprises and real estate development companies has reached 99.3 percent, higher than the provincial average. Large stores, key supermarkets, agricultural wholesale markets and e-commerce enterprises have basically reopened, along with the full resumption of project construction.

  In the January-June period, Wuhan's industrial electricity consumption narrowed by 18.2 percentage points compared to the first quarter. The logistics prosperity index rebounded to 53.6 percent in May, and the container throughput of Wuhan Port increased by 6.1 percent in June, hitting a record high in the same period.

  In addition, the number of enterprises in the first half of this year amounted to 585,000 in Wuhan, rising by 15.9 percent. 298 new industrial enterprises above designated size were established, witnessing their output values jumped by 20.8 percent.

  Wuhan’s fixed asset investment narrowed by 33.1 percentage points from the percent 52.8 month-on-month investment grew by first quarter, of which in June. Since April, Wuhan has held five large-scale investment events, with a total contract value of more than 500 billion yuan. In May, the growth rate of new energy vehicle sales soared by 105.6 percentage points from April.

  New economic drivers have injected new impetus to economic recovery in Wuhan. In the first half of this year, the city has built more than 4,700 5G base stations, embracing 12,000 stations in total. The online  retail sales by businesses above designated size ascended by 4.2 percent, of which June saw a year-on-year growth of 24 percent.

  (Source: en.hubei.gov.cn)