China’s thriving regions - Hubei Hubei: HIGHLIGHTS:
‹ The completion of Three Gorges Dam in 2009 made long distance water transport through Hubei more effective. A non-stop container service on the 2500km route takes as little as five days.
‹ Hubei’s tourism area is planned to attract 375 projects, bringing a total investment of RMB237.5 billion from 2009 to 2011. More than 58.41 million tourists visited the area in 2009, generating nearly RMB494 billion, up 14.4 per cent from the previous year.
‹ In July 2010, officials from the Chinese and Australian governments met to explore further partnership in urban planning, design and architectural services and green building technologies. These meetings also included representatives from the Wuhan real estate industry and GMD, an international network of professional and technical consultants.
Hubei province in central China has strong economic development in both traditional and new industries, such as the auto industry, metallurgy, electricity, building materials, textiles, petrochemicals, IT, biotechnology and photoelectrics. Its capital city, Wuhan, plays an important role in transportation and is connected to the rest of the country by the Yangtze River, the Beijing- Guangzhou Railway, the Beijing-Zhuhai Expressway and the Shanghai-Chengdu Expressway. The Tianhe International Airport, the largest and only hub airport in central China. As China’s urbanisation continues, companies have
directed an increasing amount of investment from the coast area to the interior provinces, including Hubei, and contribute to its brisk economic growth. Hubei has attracted 3709 foreign-funded enterprises up to March 2010, with the aggregate investment reaching A$38.7 billion. Manufacturing is still the hot investment industry, but scientific research and technological services have become very promising and drawn new attention. Despite the effects of the Global Financial Crisis, between January to August 2010 Hubei experienced significant increases in the export of electromechanical, high-tech and agricultural products. Hubei’s model role in China’s central regional
development has been highlighted by the redevelopment of Wuhan, which was designated as a nationwide pilot project for building a resources-saving and environment- friendly project in 2007. To date, investment in transport of the Wuhan-centred city cluster (including another eight neighboring cities) has reached approximately US$950m. The most significant step taken by Hubei is the plan to invest US$1.85 trillion for 37,600 projects in the future years, most of which will begin construction before 2012. Besides $487.7 billion in infrastructure construction, the rest of the investment will focus on manufacturing, services, agriculture and water conservation, environment and social development. This huge investment provides more opportunities
142 Australia China: BEYOND TOMORROW
TOP: Three Gorges Dam.
ABOVE: Peugeot built in Wuhan. RIGHT: Wuhan Light Rail.
for Australian companies renowned for excellence in urban planning, design and architectural services, green building products and technologies. In 2008, Hubei’s trade volume with Australia added up
to A$1.05 billion. Wuhan Iron and Steel (Group) Corp, the country’s third-largest steelmaker, signed an agreement with Australian Centrex Metals Ltd (CXM) in July 2009 to jointly develop iron ore mines in southern Australia. Some Australian companies have played an active role in Hubei’s economic and ecological development, such as BlueScope Steel and ANS Architects and Planning. BlueScope has been the steel supplier for Wuhan Light Rail Transport System and Hubei-based Dongfeng Peugeot-Citroën. ANS has its office in Wuhan and provided high-quality services for the planning and design of Wuhan CBD. From 2009, the Australian government and many
Australian companies have made further efforts to promote bilateral trade cooperation. In December 2009, the Australian government signed the Framework for Cooperation with Hubei province, with a focus on automotive, clean energy and other sectors that present strategic opportunities. In May 2010, representatives from CSIRO paid a visit to Dongfeng Automobile Company and key universities in Hubei to foster cooperation in new energy vehicles. The following month, the China Innovation Group met representatives from the Australia China Development Company and signed an agreement to jointly invest A$76.92m to build the first Formula 3 racetrack in Central China, as well as a ‘Car Park’, which aims to be a multifunctional centre for auto sales, service, exhibition, racing and auto culture.
Fan Xiao-Pu
CHINA
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