Wuhan Future City in Optics Valley [Photo/WeChat account of Optics Valley of China]

East Lake High-tech Development Zone, also known as Optics Valley of China, reported economic growth over the first five months in 2021, according to a meeting held on June 24. The zone is located in Wuhan, the capital city of Central China's Hubei province.

From January to May this year, the zone saw rapid growth in three key economic indicators. The added value of industries above a designated size – those with a main business revenue of 20 million yuan ($3.10 million) or more – increased by 33.7 percent year-on-year compared with in 2019.

The fixed investment increased by 35.6 compared with the same period in 2019, while the investment actually in place increased by 25.5 percent.

During the period, the zone promoted the construction of the sci-tech innovation corridor centered on East Lake Science City and accelerated construction of major sci-tech projects, such as the Chinese headquarters of Gitlab, a unicorn company from the United States, and the Tencent (Wuhan) digital industry headquarters.

It also continued to improve its business environment and promoted investment attraction. The number of listed companies in the zone has increased by three.

The zone will continue to accelerate economic growth to fulfill its annual development goal in a high-quality manner, according to officials.