Hubei Province registered 168.7 billion yuan in technology contract transactions in  2020, a year-on-year increase of 16 percent and an increase of 103.3 percent over the beginning of China’s 13th Five-Year Plan, according to the data released by the Department of Science and Technology of Hubei Province at a meeting on January 12, 2021.

  Based on the same data source, in 2020, the total R&D investment in the province  surged from 56.17 billion yuan to 95.788 billion yuan, R&D personnel swollen from 221,000 people to 285,500 people, scientific research institutions enlarged from 2,245 to 3678, and the number of invention patents in every 10,000 people increased from 4.3 to 10.4.

  In addition, the value added of the high-tech industry multiplied from 502.894 billion yuan to 892.286 billion yuan, the number of high-tech enterprises rose from 3,317 to 10,400, and the transaction volume of technology contracts bulked up from 83.01 billion yuan to 168.7 billion yuan.  In 2020, Hubei moved up to the 8th in the country in terms of scientific and technological innovation capability.

  (Source: en.hubei.gov.cn)