Remarkable cost advantage

    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