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The completion and signing ceremony for nine key projects of Wuxi High-tech District Free Trade Zone is held on June 21. [Photo/WeChat account: xinwu_wx] |
The development and growth of Wuxi High-tech Zone Comprehensive Bonded Zone received a big boost on June 21, with the completion and signing ceremony for nine new key projects.
The projects relate to the semiconductors, cloud computing, bonded warehousing logistics, precision machinery, high-end electronics and infrastructure sectors.
With an overall investment of three billion yuan ($468 million) and projected added sales of five billion yuan, the projects are expected to inject new impetus to the development of the export-oriented economy in the free trade zone.
This year marks the 16th year of the founding of the Wuxi High-tech Zone Comprehensive Bonded Zone. A total of 51 companies, enterprises, with an investment of 108.8 billion yuan, are located in the zone. Integrated circuits, electronic information and optical communication are the top three pillar industries.
In 2017, the total export volume of Wuxi High-tech Zone Comprehensive Bonded Zone hit a record of high $17.8 billion, accounting for 41.2 percent of the total volume for Wuxi Xinwu district and 22 percent of that for Wuxi on the whole.
In addition to the projects, Wuxi High-tech Zone Comprehensive Bonded Zone will focus on building an advanced manufacturing and processing center, a modern logistics distribution center and a service and trade bonded center.
