China will step up macroeconomic policy support in the second half of the year to further boost the nation's economic recovery.
US multinational company Littelfuse, which is a leader in circuit protection, announced that it will invest $70 million in the Wuxi National Hi-tech District from 2023 to 2027 at a completion ceremony of new land development on July 17.
The government will further utilize the roundtable meeting mechanism involving foreign companies and business associations to enhance support for their operations in China.
Wuxi in East China's Jiangsu province has been exerting efforts to raise its international profile.
China issued a guideline on Wednesday for promoting the development of the private sector, signaling the latest push for supporting and reinvigorating a key sector in order to revive economic recovery amid downward pressures.
The latest renovations to Chong'an Temple Pedestrian Street have been completed and will open to the public in late September.
The curtain lifted on the WDSF Asian Dancesport Festival at the Taihu International Expo Center in Wuxi, East China's Jiangsu province, on July 20.
China's top economic regulator pledged on Tuesday to roll out policies that would spur consumption and increase effective investment, as part of a package of measures to revive the economy amid the still-weak demand and a gloomy global outlook.
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