The bustling city of Wuhan is the capital of the Hubei province and Central China’s most populous city with a population of 9.8 million. It is also a political, economic, financial, cultural and educational center in the middle of China. Major industries include optical-electronics, automobile, iron and steel manufacturing. It’s also seeing growth in the pharmaceutical sector, biotech and environmental protection. The city’s GDP is pretty evenly divided between its industrial and service sectors.
Wuhan has many higher learning institutions, including the well- reputed Wuhan University and Huazhong University of Science and Technology. Three state-level development zones and many new business incubators are also significant aspects of Wuhan’s economic environment. Wuhan ranks third in China in overall strength of science and technology.
With almost 6,000 enterprises from over 80 countries, Wuhan has attracted a great deal of foreign investment. There are about 50 French companies operating in the city, representing over a third of France’s investment in China.
Prologis owns and operates logistics and distribution facilities in Wuhan.