Four hundred and ten enterprises in Wuxi, East China's Jiangsu province, have attended the ongoing 134th China Import and Export Fair, or the Canton Fair.
China is studying the feasibility of further removing or easing the restrictions on the amount of equity stakes that multinational corporations can hold in joint ventures in certain industries.
Wuxi inked cooperation agreements on four projects worth a combined $400 million in Singapore during the trade activities held by Jiangsu from Oct 9 to 11.
The IoT industry has developed into the largest industrial cluster in Wuxi, East China's Jiangsu province, local media reported.
China's banks have been pouring more funds into agriculture and rural areas this year as the country seeks to advance rural vitalization.
A groundbreaking ceremony for a smart battery manufacturing base worth 10 billion yuan ($1.37 billion) was held in Wuxi on Sept 26.
Wuxi in East China's Jiangsu province leads the province in the number of top 500 Chinese businesses, manufacturers, and service providers.
A group of German managers of small and medium-sized enterprises (SMEs), who are members of a Sino-German exchange program, visited the Wuxi National Hi-tech District, also known as Wuxi New District, on Sept 18.
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