Wuhan defines manufacturing as a trigger for economic development

From the day onwards, Wuhan has introduced a plan to revitalize the eight key industries and the fifteen major emerging industries, and plans to introduce an advanced manufacturing project with an investment of over 5 billion yuan and over 500 million yuan through the annual launch of the industrial "engine." To ensure that the city rushed into the "trillion-dollar GDP club" in 2015.
The "Guiding Opinions on the Promotion of Advanced Manufacturing Investment" is intended to start with financial incentives, land supply, financial support, and tax incentives, and attract domestic and foreign capital to invest in local advanced manufacturing. For the advanced manufacturing industry with a fixed asset investment of 100 million yuan or more, or a technological transformation project with a fixed asset investment of 30 million yuan or more, it is proposed to grant a subsidy or loan interest subsidy according to 2% of the investment amount. For the advanced manufacturing projects with a fixed asset investment of over 100 million yuan, the land department will give priority to the land use plan.

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