Core Viewpoint - Hubei Province is accelerating the construction of an open hub to enhance its economic openness and aims to become a leading open economy in central China by 2027, and nationwide by 2030, with a complete restructuring of its open economy by 2035 [1][5]. Group 1: Five Major Actions and High Grounds - The action plan outlines five major actions and aims to create five high grounds for an open economy, including market entity cultivation, institutional innovation, international logistics, business facilitation, and global influence enhancement [2][3][4]. - Hubei plans to increase the number of import and export enterprises to 9,570 by 2024, with a focus on nurturing foreign trade leading enterprises and small and medium-sized foreign trade companies [2]. Group 2: Economic Performance and Growth - Hubei's import and export value is projected to exceed 700 billion yuan in 2024, with a growth rate of 9.6%, leading the central region [1][5]. - In the first quarter of this year, Hubei's total import and export value reached 174.3 billion yuan, a year-on-year increase of 16.6%, surpassing the national average growth of 15.3% [5]. Group 3: Infrastructure and Logistics Development - Hubei has established a comprehensive open platform system, including three free trade zones and multiple logistics hubs, to enhance its logistics capabilities [3][6]. - The Ezhou Huahu International Airport is positioned as a key cargo hub, having handled 423,000 tons of cargo and mail, with plans to enhance its capabilities further [7]. Group 4: Policy and Support Measures - Over 80 measures have been implemented to support pillar industries and facilitate cross-border trade, improving the international logistics channels and port business environment [6]. - The plan emphasizes creating a first-class business environment by addressing key pain points for outward-oriented market entities [3].

Core Viewpoint - Hubei Province has officially launched an action plan to enhance its open economic capabilities, aiming to become a leading open economy in Central China by 2027 and nationwide by 2030, with a complete transformation of its open economic structure by 2035 [1][2][3] Group 1: Action Plan Objectives - The action plan sets a goal for Hubei to lead in open economic development in Central China by 2027 and to be at the forefront nationally by 2030 [1] - By 2035, Hubei aims to reshape its internal and external open economic landscape, establishing itself as a highland of inland openness [1] Group 2: Key Actions - Hubei will implement five major actions: cultivating market entities, enhancing platform capabilities, improving international logistics channels, facilitating business operations, and increasing the global influence of "Open Hubei" [1][2] - The plan emphasizes the importance of market entities as the foundation for high-level openness, with a target of 9,570 enterprises engaged in import and export activities by 2024 [1][2] Group 3: Market Entity Development - The strategy aims to create a new open development pattern characterized by large enterprises at the top and numerous small and medium-sized enterprises [2] - Hubei will focus on enhancing the outward orientation of advanced manufacturing clusters, including optoelectronics, automotive, and chemicals, while fostering new growth drivers in service trade, digital trade, and green trade [2] Group 4: Platform Enhancement - The action plan includes accelerating the implementation of the Hubei Free Trade Zone enhancement strategy and establishing a leading comprehensive bonded zone [2] - Hubei has developed a complete open platform system, including three free trade zones, five cross-border e-commerce pilot zones, and various national-level economic development zones [2] Group 5: International Logistics Improvement - Hubei plans to build dual hubs for air cargo at Tianhe and Hualu airports, enhance the capabilities of the China-Europe Railway Express, and create a modern logistics system with the lowest domestic costs and highest efficiency [2] - The province's geographical advantages position it as a strategic intersection for land, sea, and air routes [2] Group 6: Business Facilitation Measures - The action plan addresses key pain points for outward-oriented market entities by improving customs clearance, overseas business facilitation, and financial service accessibility [3] - Hubei's total import and export volume is projected to exceed 700 billion yuan in 2024, with a growth rate of 9.6%, leading the Central region [3]