In the first three quarters of the year, Wuhan East Lake High-tech Development Zone (Optics Valley of China, or OVC) recorded a GDP of 235.04 billion yuan ($33.05 billion), marking a year-on-year growth of 6.3 percent. This reflects a steady and progressive economic performance.

OVC capitalized on opportunities in emerging industries such as artificial intelligence, leading to robust industrial growth driven by sectors like storage chips, new optical fibers, and optical modules. The added value of industries above designated size surged by 12.3 percent, with industrial investment growth accelerating by 1.7 percentage points compared to the first half of the year, indicating a significant expansion in effective investment.

The production service sector saw a comprehensive recovery, with remarkable growth in AI computing power and domestic industrial software. Project investments maintained quality and stability, with infrastructure and social investments showing a 23.2 percent increase. Foreign trade also saw positive shifts, with high-tech product exports and imports achieving double-digit growth.

Over 22,000 new enterprises were registered in OVC during the first three quarters, an 11.1 percent year-on-year increase. Forward-looking economic indicators remain strong, with double-digit growth in both social and industrial electricity consumption, and technology credit for newly established enterprises increasing by over 20 percent.