On May 31, Hubei Branch of China People Electric Appliance Group, one of the top 500 Chinese enterprises, concludes the agreement with Cihui Agency; they will invest 0.21 billion Yuan to establish Wuhan complete set and logistics distribution park of China People Electric Appliance Group.

China People Electric Appliance Group, established in 1996, takes industrial electrical equipment as the core industry and involves in many fields such as energy, city construction, modern logistics, business and trade, import and export and investment, etc; it is one of the top 500 Chinese enterprises. The group has five manufacturing bases of Zhejiang, Shanghai, Jiangxi, Shandong and Hubei, 12 joint venture sub-companies and 85 shareholding member enterprises, whose products are sold well in over 50 countries and regions. Wuhan Whole Set and Logistics Distribution Park established by Hubei Branch of China People Electric Appliance Group in Cihui Street mainly produces high and low voltage whole set equipment of case transformer. After building up, its production value will reach 0.3 billion Yuan and 60.8 million of profit payments and tax turnover will be realized.  

On the signing ceremony of that day, in order to support the construction of new countryside in our district, Hubei Branch of China People Electric Appliance Group has also unconditionally contributed 1 million Yuan to Cihui Agency to construct the Shiliuhong Village Square. On that day, the head of district, Yan Puliu, deputy director-general of Standing Committee of the National People's Congress of the district, Xiao Zuoyi, and other district leaders have taken part in the signing ceremony.