A bird's-eye view of Wuxi. [Photo provided to wuxi.gov.cn]
Wuxi has become a hot spot for foreign investment in recent years, with numerous multinational corporations like AstraZeneca, Van de Wiele, and GE HealthCare, have launching significant projects in the city. This trend is driven by several key factors.
Wuxi boasts a robust industrial foundation, with a total industrial output value of 2.66 trillion yuan ($362.09 billion) in 2024. It hosts seven industrial clusters worth over 20 billion yuan and five national advanced manufacturing clusters. This ecosystem provides a comprehensive supply chain and strong support capabilities, enhancing its global competitiveness.
Located in the Yangtze River Delta, Wuxi offers easy access to major Chinese markets. Additionally, its well-developed infrastructure, including transportation and logistics, enables efficient product distribution both domestically and internationally.
Wuxi is committed to creating a world-class business environment with market orientation, rule-based governance, and international standards. It offers policies to support foreign investment, including incentives for investment expansion and headquarters establishment, and measures to optimize the environment for foreign talents.
Wuxi is home to a vibrant innovation ecosystem and rich talent pool, with numerous research institutions and universities providing skilled personnel and innovative ideas.
In summary, it is Wuxi's strong industrial base, strategic location, supportive policies, and robust innovation ecosystem that make it an attractive investment destination.
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