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Home> Investment   Why Hubei   Overview of Hubei’s economy Hubei province has been a major industrial construction area in China since the 1950s. Economic statistics According to figures from the Statistics Bureau of Hubei province, the provincial gross product reached 1.28 trillion yuan in 2009. Industrial policies on foreign investment In The Provision, projects with foreign investment fall into 4 categories, namely encouraged, permitted, restricted and prohibited ones. Preferential Tax Policies for Enterprises with Foreign Investment The income tax rate is 33 percent on usual for the EFIs in Hubei province. The preferential income tax was practiced in the following regions and industries.   Development Zones   General introduction to Hubei Development Zones Hubeihas three national development zones and over 20 provincial development zones. Wuhan Wujiashan Taiwan Investment Zone The Wuhan Wujiashan Taiwan Businessman Investment Zone, as the only Taiwan business investment zone in central China, is full of investment opportunities. Wuhan East Lake High-Tech Development Zone The Wuhan East Lake High-Tech Development Zone (EDZ) is one of the high technology development zones approved by the State Council. Hubei Yichang Economic Development Zone The Hubei Yichang Economic & Technological Development Zone is located at the forward position of the Sanxia key water control project of the Changjiang River.

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