Often called the "Land of Fish and Rice", Hubei is an important agricultural province, particularly for rice, rapeseed and freshwater products, while important industries include iron and steel production and automobile production. The province’s economy is built around Wuhan’s strong automobile and metallurgy industries and its role as a commerce, transportation, and distribution centre; new industries and transportation networks will be centred about the capital. Hubei aims to maintain 10% GDP growth and double its per capita GDP by 2020. As well as maintaining the strength of its pillar industries, the province’s 5 year plan looks toward expanding a hi-tech industry.
Some potential problems include the long-term effects of the Three Gorges Dam; while the project provides power and significantly reduces the risk of potential losses from Yangtze River floods, environmental impacts from the project have begun to appear. Additionally, Hubei has yet to show that its large economy can maintain growth without depending on influxes of fixed asset investment.
Changsha National Economic and Technology Development Zone Changsha National New & Hi-Tech Industrial Development Zone Chenzhou Export Processing Zone Zhuzhou National New & Hi-Tech Industrial Development Zone