The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreIf you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
Wuhan lies on the plains of Central China, on the Yangtze River that links it to the coastal city of Shanghai. The location helped the city prosper as a transport hub and develop into a cultural and educational centre. The least populous (11 million in 2016) of the six Chinese metropolises and the least prosperous of them, Wuhan is striving to become a global megacity. Its success will serve as a blueprint for other second-tier cities, thus helping China move to another development stage.
Files are delivered directly into your account within a few minutes of purchase.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Wuhan is the economic, manufacturing and transport hub of Central China. Infrastructure, coupled with a well-qualified workforce (32% of the population aged 15+ held a higher education degree, compared with 12% elsewhere in China, in 2016) boosted labour productivity, which exceeded China by 112% in 2016.
Despite significantly higher labour productivity, Wuhan's average per household disposable income was only 14% greater than in China in 2016. The dominance of capital-intensive (heavy) industries pushes down the wage share (of total GVA). Disposable income in Wuhan is also pushed down by the lower labour force participation rate (68% versus 81% in China, in 2016) and smaller average household size (2.8 versus 3.0 persons per household).
Wuhan's lowest disposable income per household among major Chinese cities results in the lowest consumer expenditure: USD11,000 in 2016 (18% above the average in China). Wuhan's household expenditure (excluding housing and transport) exceeded the average for China by only 17% in the same year.
Combined housing and transport expenditure (per household) was 19% higher in Wuhan compared with China in 2016. A higher motorisation rate in Wuhan (167 passenger cars per 1,000 population), compared with other parts of the country (107 cars per 1,000), explains the higher transport costs in the metropolitan region.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.