Wang Quan, the mayor of Wuxi, Jiangsu province, met with a delegation from South Korea's LS Group headed by Koo Ja-yeol, the chairman and the CEO of the group on May 15.
The first bonded store in Wuxi, Jiangsu province, opened on April 13.The retail goods sold at the store are purchased in bulk overseas and sold directly at the store after customs clearance from the Wuxi New District Free Trade Zone
Wuxi New District and South Korea's ChungBuk Free Economic Zone (CBFEZ) signed a cooperation agreement on May 8 to promote bilateral trade and cooperation.
East China's Jiangsu province will establish three or four industrial zones in countries along the Silk Road Economic Belt and the 21st Century Maritime Silk Road by the end of 2020.
East China's Jiangsu province will establish three or four industrial zones in countries along the Silk Road Economic Belt and the 21st Century Maritime Silk Road by the end of 2020, according to the provincial government.
Taiwan-based Teco Electric and Machinery Co will launch a green motor project with a total investment of $135 million in Wuxi New District, Wuxi, Jiangsu province.
Li Xiaomin, the new Party chief of Wuxi, Jiangsu province had a meeting with a delegationfrom the German Bosch Group headed by Markus Heyn, president of Bosch Diesel Systems.
Two businessmen from Wuxi, Jiangsu province, have made it to the 370 richest Chinese list published by the Forbes China.
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