Shenzhen companies to invest in Wuhan
Companies in Shenzhen made agreements with Wuhan amounting to almost 50 billion yuan. The agreements are in collaboration with the capital of Hubei province to expand and establish manufacturing and modern service industries in all of the eleven districts in Wuhan.
Big names like Tencent, CR Vanguard and Huawei are involved in the collaboration. 600 million yuan will be used by Tencent to construct an Internet research and development center in Jiangxia District. Huawei is willing to spend 5 billion yuan for research and development, and build a manufacturing center in Donghu high tech zone.
Shenzhen and Wuhan have embraced a new stage in its economic and trade cooperation. And one the Wuhan Guangzhou high speed railway will be open, it will further accelerate the transformation of Pearl River Delta into an Industrial area. The two cities can further deepen its cooperation in areas of high technology, plus its manufacturing and modern services.