A total of 104 Fortune Global 500 companies have established 209 foreign-invested enterprises in Wuxi, East China's Jiangsu province, according to a statement at the Sino-Japan Enterprises Cooperation Forum on March 26.
The internet of things (IoT) industry cluster in Wuxi was included in the 25 key clusters of advanced manufacturing industries that will receive national support from the Ministry of Industry and Information Technology, local media reported on March 26.
Yadea Technology Group Co, a major manufacturer of two-wheeled electric vehicles (EVs), is one of the Chinese firms that are looking to increase their global sales by adding new stores, plants, and distributors in markets participating in the Belt and Road Initiative.
Jiangyin-based Jiangsu Changling Hydraulic Co Ltd made its debut on the main board of China's A-share market on March 22, raising 958 million yuan ($147.2 million) from its initial public offering.
Wuxi in East China's Jiangsu province saw robust growth in its foreign trade in the first two months of 2021, according to local customs.
The first phase of Air Liquide Group's Wuxi Second Factory and its China Big Data Analysis Center started operation in Wuxi National Hi-tech District (WND) on March 15.
Wuxi Aviation Port received the first shipment of imported semi-finished drugs for AstraZeneca from Chicago, Illinois, the United States on March 7.
Wuxi in East China's Jiangsu province saw its exports of medical instruments rise by 35 percent year-on-year to reach 3.96 billion yuan ($610.36 million) in 2020, according to data from Wuxi Customs.
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