Foreign enterprises optimistic about Hubei market growth
In the first quarter of this year, Hubei province established 156 new foreign-invested enterprises, marking an 18.18-percent year-on-year increase and securing the top position in Central China.
Aopukang (Wuhan) Medical Technology Co settled in Wuhan East Lake High-tech Development Zone (Optics Valley of China, or OVC) on April 22. Among its investors, Hong Kong-based OptoHealth Tech Group Co holds a 40 percent stake.
"We initially considered other regions, but Hubei offered the most incentives and demonstrated strong comprehensive capabilities," said Yang Wenwei, the legal representative of Aopukang. Yang and his Hong Kong partners were particularly attracted by Hubei's "industrial chain + innovation ecosystem" combination.
"Hubei is where my ideas can be turned into products and achievements. This reflects China's greatest advantage right now," said Yang. He believes that Hubei's consumer vitality, logistical efficiency, and sincere policies are always seen as "blue chip" by foreign investors.
Ten years ago, Kazakh student Timur came to Hubei for his studies. Now, he has established an import-export company in Wuhan. He chose Wuhan as his first investment due to Hubei's strategic location, which presented significant opportunities brought by the Belt and Road Initiative.
Timur believes that collaborating with Hubei suppliers is the best choice. He aims to deliver Chinese daily necessities, electronics, clothing, and auto parts to the Kazakhstan market, improving the lives of local people.
Global pizza brand Domino's Pizza also sees great potential in the Hubei market. Lin Huabin, general manager of Domino's Pizza (Western China), stated that Wuhan has become one of Domino's key growth markets. By the end of 2025, Domino's plans to open over 50 stores in Wuhan and gradually expand its reach to other Hubei cities.