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Home> Why Hubei
Overview of Hubei’s economy
Hubei province has been a major industrial construction area in China since the 1950s.
Economic statistics
According to figures from the Statistics Bureau of Hubei province, the provincial gross product reached 1.28 trillion yuan in 2009.
Industrial policies on foreign investment
In The Provision, projects with foreign investment fall into 4 categories, namely encouraged, permitted, restricted and prohibited ones.
Preferential Tax Policies for Enterprises with Foreign Investment
The income tax rate is 33 percent on usual for the EFIs in Hubei province. The preferential income tax was practiced in the following regions and industries.
Natural Resources
Hubei is abundant in water resources. Its total hydropower deposits are 42 million kw of which 38 million kw are usable.
Traffic and communication in Hubei
Hubei, as an important traffic hinge of the nation, has very convenient traffic conditions and highways, waterways, flight courses and telecommunication network which extend to all directions.
 
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