On January 22nd, the Hubei Provincial Bureau of Statistics released the economic performance of Hubei Province for 2024.

In 2024, fixed asset investment (excluding rural households) in the province increased by 6.5% year-on-year. By industry, investment in the primary industry grew by 2.8%, in the secondary industry by 14.7%, and in the tertiary industry by 2.1%.

By sector, infrastructure investment increased by 9.8%, with investments in the railway transportation, water transportation, and water conservancy management industries growing by 23.4%, 49.9%, and 60.9% respectively. Manufacturing investment rose by 15.4%, including a 15.4% increase in high-tech manufacturing investment. Specifically, investments in the aviation, spacecraft, and equipment manufacturing industry, electronic device manufacturing industry, pharmaceutical manufacturing industry, and smart consumer device manufacturing industry increased by 77.7%, 21.1%, 20.0%, and 103.5% respectively. Real estate development investment declined by 5.9%, while the sales area of newly built commercial residential buildings reached 52.8607 million square meters, up by 0.5%. Private investment grew by 5.5%, accounting for 55.2% of total investment.