An increase of about 58.4% in its GDP, in the first quarter of 2021, records the Chinese Wuhan city, which was hit hard by the pandemic COVID-19 last year and is considered the epicenter of the pandemic outbreak.
The capital of Hubei province has managed to achieve a dynamic economic recovery, following its 40.5% annual decline in GDP in the first quarter of 2020, due to the long period of application of the curfew to limit the spread of the pandemic.
In the first three months of 2021, Wuhan’s GDP stood at about 357.4 billion yuan (about $ 55 billion), according to AMPE, citing the local municipality’s statistics office.
The city recorded an overwhelming annual increase of 92.2% in its foreign trade, during the same period. Wuhan’s exports rose 123.4% year-on-year to about 38.7 billion yuan in the same quarter, while its imports rose about 68% to an economic value of about 37.5 billion yuan.
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