As the birthplace of China's modern industry and commerce, Wuxi is known as "little Shanghai" due to its flourishing economy and especially its private economy.

Thanks to the benefits generated by China's implementation of its Opening-up and Reform policy over the past 40 years, Wuxi is developing from a traditional manufacturing city that relies on labor and resources into a smart city focusing on intelligent manufacturing.

Also, Huaxi village, located in Jiangyin city, Wuxi, has been called the top village in the country for its success in opening up and realizing common prosperity.

In 2017, Wuxi became the nation's 14th city to achieve a GDP greater than 1 trillion yuan ($159 billion).