Home > Biz Updates

Wuxi sees sustained recovery in industries

Updated : 2020-06-22

From January to May, the added value of large-scale industrial enterprises in Wuxi increased by 0.3 percent year-on-year, becoming positive for the first time this year, the Wuxi Industry and Information Technology Bureau announced on June 21.

The machinery industry was the major industrial growth engine in May, rising 7.8 percent year-on-year. The output of the electronic vehicle industry increased by more than 30 percent, being only mildly affected by the novel coronavirus pneumonia, the bureau added.

Chen Kaiya, director of the board office of Sunra Electronic Vehicle Co, said their production lines are fully operational with ample orders.

The auto parts industry is recovering quickly thanks to national automobile consumption stimulus measures, according to Wei Ren, manager of Wuxi Wanhua Machinery Co. The company's output value is expected to increase by 20 percent this year, Wei said.

For companies still experiencing difficulties with turnover and meeting payment deadlines, the government has provided targeted measures and green channels.

Although industries are showing signs of recovery, the textile industry, which greatly relied on exports, is still struggling, according to the Wuxi Industry and Information Technology Bureau.

8.03K
Videos
 
无锡1.jpg

Summer view of Huishan Ancient Town after rain

001.png

The most beautiful country road in Yixing

14.jpg

Wuxi strengthens flood-defense network amid seasonal downpours

1.jpg

Taihu Lake show returns to stage

News
Sports
Videos
Photos
Business
Biz Updates
Policies
Industries
Development Zones
Companies
Travel
Attractions
Dining
Accommodation
Specialties
Shopping
Entertainment
Transportation
Maps
Culture
Culture News
Heritage
Museums
Events
Services
Visa
Marriage
Healthcare
Jobs
Education
Useful Info
About
Overview
Districts
Statistics
Government Officials
Sister Cities
E-books
Copyright © China Daily. All rights reserved.
Sponsored by Wuxi Municipal Party Committee Information Office.
Presented by China Daily.
备案号:京ICP备13028878号-34