The district’s focus in recent years has been on emerging industries such as the Internet of Things, software service outsourcing, IC and industrial design, bio-medicines, screen culture, the cyber-economy, telecommunications and avionics and its industrial parks and zones have developed rapidly, for example, Wuxi Mashan National Life Science Park, Wuxi National Sensing Information Center, Wuxi Industrial Design Park, Wuxi Taihu New Town Science and Education Industrial Park, Lihu Lake Technology Pioneer Park, National Digital Filming Industrial Park, and Wuxi Economic Development Zone.

Binhu started with regional industrial planning to remove bottlenecks and fully promote its traditional industries, accelerate emerging economical development and increase the regional brand effect.

Binhu looks for ways to set up an interactive technology – finance system, to combine the two and help them bring in technology-intensive, strategic emerging industries. It has set up a development fund for this purpose worth 1.5 billion yuan to invest in key industrial leaders’ projects, technology-intensive key enterprises and major emerging industries.

In 2012, the district’s emerging industries had revenues of 17.28 billion yuan for an increase of 14.8 percent over the previous year. Its high-tech industries had an output value of 41 billion yuan, for a year-on-year increase above 24 percent. The district also concentrates on the role of enterprises in innovation, and supports local industries in improving innovative vitality. In 2012, its spending on R&D was above 1.9 billion yuan for a year-on-year growth of 18 percent and research institutes are involved in 100 percent large enterprises and 51.5 percent of medium sized ones.