Wuxi in East China's Jiangsu province, a key force on the Silk Road Economic Belt and Maritime Silk Road, is taking great advantage of investing in the global market thanks to the national Belt and Road Initiative.
The city held an investment promotion conference in Hong Kong on March 30, encouraging local enterprises to cooperate with Wuxi counterparts in overseas investment, especially at the Sihanoukville Special Economic Zone (SSEZ) in Cambodia.
 |
|
Staff members work on the assembly line at a factory in Sihanoukville Special Economic Zone (SSEZ), Cambodia. [Photo provided to China Daily] |
The SSEZ is an economic and trade cooperation zone that has seen the settlement of more than 100 global enterprises and helped 14,000 local people gain employment.
For years, many Wuxi-based enterprises have taken advantage of the opportunities presented at the SSEZ. With the region's low labor costs and trade advantages, these companies have not only experienced expansion and profit growth, but also created many job opportunities as well as contributing to the regional economy.
