China’s Hubei advances high-quality growth through innovation

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Central China’s Hubei Province has advanced its high-quality development with innovation-driven growth over the past decade, according to a press briefing held on Friday.

Over the past 10 years, Hubei’s GDP has more than doubled from 2.26 trillion yuan (about 333 billion U.S. dollars) in 2012 to over 5 trillion yuan in 2021, said Wang Menghui, Party chief of the province.

Industrial enterprises with annual revenues of 20 million yuan or more from their main business operations in the province have seen their total output exceed 5 trillion yuan over the past decade, with 15 industries creating revenues of more than 100 billion yuan, Wang noted.— Xinhua

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