China's newly issued guideline to mobilize existing assets is expected to broaden the channels for private investment and catalyze effective investment, countering the current downward pressure on the economy, experts said.
The Wuxi municipal bureau of commerce recently cooperated with Alibaba.com to roll out 10 measures to support cross-border e-commerce.
Netherlands-based HX Agriculture B.V. agreed to invest nearly 6 billion yuan ($897,69 million) in Yixing, a county-level city in Wuxi, East China's Jiangsu province.
The foreign trade of Wuxi in East China's Jiangsu province expanded 7.7 percent year-on-year to 223.04 billion yuan ($33.37 billion) in the first four months of this year.
The actual use of foreign capital in Wuxi, East China's Jiangsu province, increased by 34.1 percent year-on-year to $1.53 billion during the first four months of the year.
The registered capital of newly-funded foreign-invested companies in Wuxi, East China's Jiangsu province, reached 1.19 billion yuan ($176.47 million) in April, an increase of 95.68 percent year-on-year and ranking first in Jiangsu.
Wuxi in East China's Jiangsu province secured 38 industrial projects worth 93.47 billion yuan ($13.99 billion) at an online signing ceremony held on May 5.
The GDP of Wuxi in East China's Jiangsu province grew 3.8 percent year-on-year in the first quarter of 2022, reaching 323.697 billion yuan ($48.895 billion).
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