The relatively low costs of business operation, logistics and living in Wuhan are very appealing to industries and to talent.
Wuhan was included in the list of Kearney’s Top 100 Global Cities for Favorable Business Environment in 2019
Land cost: Wuhan has a relatively rational land market. Its premium rate in land auctions is lower than the national average.
Housing cost: The prices of commodity houses are lower than those in comparable cities.
Logistics cost: With “one port, six parks, and eight centers” and seamlessly connected railways, waterways, highways and airways, Wuhan is a pivot of multimodal transport in Central China and an international transport hub.
Office building cost: The average monthly rent of Class A office buildings in CBDs is 123 yuan per square meter, lower than that in comparable cities.
Cost of utilities
Gas supply
Unit: Yuan/m3
Civil use | Industrial use | Commercial and other uses | |
Tier-1 annual gas consumption: 0-360 (inclusive) Nm3/household | 2.53 Yuan/Nm3 | 3.094 Yuan/Nm3 | 3.094 Yuan/Nm3 |
Tier-2 annual gas consumption: 360-600 (inclusive) Nm3/household | 2.78 Yuan/Nm3 | ||
Tier-3 annual gas consumption: 600 (inclusive) Nm3/household | 3.54 Yuan/Nm3 | ||
Water consumption (the lowest water rates in the city)
Unit: Yuan/ton
Item | Water consumption by residents | Water consumption by non-residents | Water consumption by special industries | ||
Tier 1(0-25m3) | Tier 2 (25-33m3) | Tier 3 (over 33m3) | |||
Water supply price | 1.37 | 2.05 | 2.74 | 2.12 | 8.1 |
Charge for wastewater treatment | 1.1 | 1.1 | 1.1 | 1.37 | 1.37 |
Total | 2.47 | 3.15 | 3.84 | 3.49 | 9.47 |
Electricity consumption
Unit: Yuan/kWh
Use of electricity | Electricity price by kWh | Basic electricity price | ||||||||
Less than 1 kV | 1-10 kV | 35 kV (20 kV) | 110 kV | 220 kV and above | Max. demand yuan/KW/month | Variable voltage line capacity yuan/KVA/month | ||||
For household electricity | Urban and rural “one meter for one household” program | Annual electricity consumption is less than 2160 kWh | 0.558 | |||||||
Annual electricity consumption ranges from 2161 kWh to 4800 kWh | 0.608 | |||||||||
Annual electricity consumption exceeds 4800 kWh | 0.858 | |||||||||
Combined residential electricity meter program | 0.58 | 0.57 | 0.57 | |||||||
For general industrial and commercial use and other use | Single electricity price system | 0.6907 | 0.6707 | 0.6507 | ||||||
Two-part electricity price system | 0.6067 | 0.5869 | 0.5688 | 0.5498 | 38 | 25 | ||||
For agricultural production | 0.5587 | 0.5387 | 0.5187 | |||||||
Where: for agricultural irrigation and drainage | 0.3917 | 0.3717 | 0.3517 | |||||||
For wholesale | Wholesale electricity price at county level | Wholesale electricity price below county level | ||||||||
0.4567 | 0.4687 | |||||||||
