Hubei Province

Hubei Province is situated in the middle southern China and in the middle reaches of the Changjiang River. Hubei is called “Hubei” because it is located to the north of the Dongting Lake (“north” is spelled “bei” in Pinyin), and it is called “E” for short.
I. Development Overview of the Social Economy in Hubei Province
１A province with abundant mineral resource reserves including 131 kinds of discovered minerals, phosphorus, TiO2, wollostonite, garnet and marl, which ranks first place in China.  
２．A province with rich hydropower resources, with the exploitive hydroenergy up to 33,081,000kW. A province with numerous fresh-water lakes in the province, it is therefore called “Thousand-lake Province”.   
３．A key industrial construction province where such large mine bases as WISCO, WGDYTK, Jingxiang (phosphorus mine), Yingcheng (gypsum), etc. are built by using the abundant mineral resources reserves in the province. 
II. Development Overview of the SMEs in Hubei Province: By 2005, there were 77,300 SMEs in the province, including 18,800 SMEs (making up 24.3%) in the secondary industry and 58,100 SMEs (making up 75.2%) in the tertiary industry. Looking from the sectors, SMEs were distributed mainly in the wholesale and retail sector (26,700 SMEs), industrial sector (12,600 SEMs) and leasing and commercial service sector (8,600 SMEs), building sector (6,200 SMEs), neighborhood service and other service sector (5,000 SMEs) and real estate sector (4,400 SMEs), etc.