Wuxi National Hi-tech District saw its actual use of foreign capital last year hit $1.28 billion, the highest amount for all the districts of cities throughout East China's Jiangsu province, local officials announced on Feb 20.
The outbound direct investment (ODI) of Wuxi, East China's Jiangsu province hit a record high in 2020 despite the COVID-19 epidemic, according to data released by the local commercial authority on Feb 18.
Driven by strong local leisure demand during the Spring Festival holiday, the consumption level in Wuxi, East China's Jiangsu province was impressively high.
A total of 179 biomedical enterprises located in the Wuxi Biomedical Research and Development Service Outsourcing Zone saw their sales total 10.4 billion yuan ($1.61 billion) in 2020, a year-on-year increase of 5.05 percent.
The China (Wuxi) Cross-border E-commerce Comprehensive Pilot Zone Exhibition Center was launched in Wuxi's Xinwu district on Feb 3, along with a comprehensive service center and online-to-offline experience center for bonded imports.
A total of 1,772 Wuxi-based enterprises were recently recognized as high-tech enterprises by East China's Jiangsu province in 2020.
Wuxi saw its per capita disposable income of residents grew by 5 percent yearly to reach 57,589 yuan ($8,915) last year, ranking third in East China's Jiangsu province, the local statistics bureau reported on Jan 28.
Binhu district of Wuxi and Shenzhen Haixia Asset Management Co Ltd signed an agreement to establish a digital education industry guidance fund at the Wuxi Studios on Jan 23.
Copyright © China Daily. All rights reserved.