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Mon September 23 2024

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Chinese province holds ground-breaking for 900 major projects

25 Feb 16 Huangshi City in China hosted a ground-breaking ceremony yesterday for more than 900 major projects that will get under way next month in Hubei province.

By the end of March, more than 900 projects will break ground in the cities around Hubei, with a project investment exceeding 600 billion yuan (拢65bn).

The projects in the province in central China are part of a major development drive under the country鈥檚 current five-year plan.

Between 2011-2015, Hubei completed project investments of 10.42 trillion yuan (拢1,100bn), increasing by 21.2% annually. It was the period with largest investment and fastest growth in Hubei鈥檚 history.

Huangshi, where the ceremony was held, accounts for 29 projects of the total, and the investment will be 15.26 billion yuan (拢1.7bn).

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