Cross-Province Economic Hub
More than 90 million people will benefit from comprehensive business cooperation jointly launched by Hubei, Jiangxi and Hunan provinces, Li Hongzhong, Party chief of Hubei province, said on Friday. Addressing a conference in Hubei’s provincial capital Wuhan, Li said the agreement reached by leaders of the three provinces is a sign that cooperative efforts to establish a new urban hub in Central China have officially begun.
According to Li, the blueprint will strengthen business cooperation between three capital cities – Wuhan, Changsha and Nanchang – which form a natural triangle where more than 90 million people live, nearly 8 percent of China’s population. The zone had a total economic output of 2.5 trillion yuan ($397 billion) and maintained 7.3 percent of the country’s gross domestic product in 2010. More than 129 of the top 500 global companies have either investments or offices in the region, he said.
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