Even though Wuhan has for decades been a traditional base of manufacturing industry, the city is also is one of the birthplaces of China’s modern industry. With three national development zones, four scientific and technologic development parks, over 350 research institutes, 1470 hi-tech enterprises and numerous enterprise incubators, Wuhan offers a global competitive strength in most business fields.
By combining the old-line industry like automobile manufacturing, that once was the starting point of China’s economic liberalization, with new hi-tech industries in places like the Optics Valley, where fibre-optic, electronics and pharmaceutical companies are developing new products, Wuhan is positioning itself as one of the most progressive business cities in all Asia. This blend of industry is also a guarantee for the future to secure on-going business irrespective of the business trends.
With Wuhan´s strategic position in central China the city is a natural hub for effective distribution for products of many industries, particularly for distribution of cars, as domestic car sales are booming all over China. These facts are also one of the reasons that car makers like Citroen, Peugeot, Nissan and Honda have entered joint-ventures with the state-owned company Dongfeng.