Home > Latest

Foreign trade flourishes in Wuxi over past decade

Updated : 2022-10-09
(en.wuxi.gov.cn)

2022100909145664307820..jpg

Jiangyin Port in Wuxi. [Photo/Wuxi Daily]

Wuxi in East China's Jiangsu province has experienced high-quality development in foreign trade over the past 10 years.

In 2021, the city's foreign trade exceeded $100 billion for the first time, reaching $105.7 billion, 50 percent more than 10 years ago and accounting for 13.1 percent of the total in Jiangsu.

Wuxi now trades with 220 countries and regions around the world. The number of enterprises with import and export records increased from 6,501 in 2012 to 11,329 in 2021.

 2022100909145677177646..jpg

The China distribution center of AstraZeneca in Wuxi. [Photo/Wuxi Daily]

Over the past decade, the actual utilization of foreign capital in Wuxi totaled $35.53 billion, and the city brought in 240 projects with total investment of over $100 million each.

In 2021 alone, Wuxi introduced 90 projects with negotiated registered foreign capital of more than $30 million, 1.7 times the figure in 2012.

So far, 108 Global Fortune 500 enterprises have set up 218 companies in Wuxi, among which an SK Hynix project worth $15.5 billion is the largest foreign investment project in the province.

 2022100909145631820213.jpg

The Sihanoukville Special Economic Zone in Preah Sihanouk Province, Cambodia. [Photo/Wuxi Daily]

Wuxi has also gone global over the past 10 years, investing $13.93 billion in 1,157 overseas projects. The Sihanoukville Special Economic Zone in Preah Sihanouk Province, Cambodia, which was founded and constructed mainly by Wuxi-based garment giant Hodo Group, introduced 170 enterprises and created nearly 30,000 jobs.


8.03K
Videos
 
640 (5).jpg

In pics: Cuipingshan Tourist Resort

302207492_1420636541790445_2002642088685397129_n.jpg

Wuxi under the lens of foreign photographer

631041e5a310fd2bec9f4b30.png

Breeze from Taihu spotlights Wuxi's cultural heritage

640 (1).png

Wuxi to celebrate upcoming festivals with fireworks

News
Sports
Videos
Photos
Business
Biz Updates
Industries
Development Zones
Companies
Travel
Attractions
Dining
Accommodation
Shopping
Entertainment
Transportation
Maps
Culture
Culture News
Heritage
Museums
Events
Services
Visa
Marriage
Healthcare
Jobs
Education
Useful Info
Government
Mayor
Departments
Districts
Policies
About
Overview
Statistics
Sister Cities
E-books
Copyright © China Daily. All rights reserved.
The Information Office of Wuxi Municipal People's Government.
Presented by China Daily.