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A Vibrant, Prosperous Wuxi Going Global Firmly and Confidently

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A Vibrant, Prosperous Wuxi Going Global Firmly and Confidently

May 03
19:06 2023

As one of the most developed economic areas in China and widely known as the Pearl of the Taihu Lake, Wuxi in East China’s Jiangsu province is gearing up to boost its image as a global city. As soon as it emerged from the shadow of the COVID-19 pandemic and returned to normal life earlier this year, it threw its doors even wider to the outside world, looking to build on old connections, make new friends and present Wuxi as a happy, open city embracing international cooperation.

 

Wuxi is China’s only city that the Grand Canal passes through. The canal’s Wuxi section exceeds 40 kilometers in length.(Image courtesy of Wuxi municipal government

In February, Wuxi lifted the curtain on its global promotional campaign by sending a delegation to the Guangdong-Hong Kong-Macao Greater Bay Area. One month later, a delegation of more than 70 entrepreneurs from Hong Kong paid a return visit during the 2023 Wuxi International Month.

The event, kicked off on March 20 and held concurrently with the annual Wuxi International Cherry Blossom Festival at the Yuantouzhu scenic area, was a great success as visitors and tourists from home and abroad flocked to the city to admire the beautiful cherry blossoms in spring while having a good chance to feel the pulse of Wuxi’s opening and development.

 

Wuxi Yuantouzhu Park, the essence of the Taihu Lake, is one of the world’s three major cherry blossom viewing spots when the flower blooms in spring.(Image courtesy of Wuxi municipal government

Some 400 representatives from 29 countries, including those from foreign countries’ consulates general in Shanghai and foreign companies, participated the event, which also witnessed the signing of sister city cooperation agreements with cities including Bohort in Germany and Szarvas in Hungary, making the number of Wuxi’s international sister city partners reaching 50 and its “circle of friends” for economic and trade cooperation covering 224 countries and regions worldwide.

Thomas Kerkfoff, Mayor of Bocholt in Germany, who visited Wuxi for the first time said, “I am impressed by Wuxi. It’s a beautiful city.” He noted that the event reflects the internationalization of Wuxi, a result of the city’s years of international exchanges and cooperation. He claimed that “It is an honor to join this international ‘family’. Our friendship will surely flourish like the cherry blossoms in Wuxi.”

Bruno Jans, Belgian consul general in Shanghai, believed the international month and cherry blossom festival connects Wuxi to the world and creates opportunities for business cooperation. He thanked Wuxi for its hospitality, hoping to explore more cooperation with the city in the future.

A number of factors have contributed to the ever-growing charm of Wuxi as an important economic powerhouse, a famous tourist city and a destination for foreign businesses to invest in China. Its unique cultural heritage, enchanting natural and urban scenery and good ecological and business environment all serve as a magnet to guests from near and far.

 

It seems an inkwash painting of Jiangnan scenery unfolded for you standing on the Qingming Bridge.(Image courtesy of Wuxi municipal government

As the cradle of the Wu culture and with the Grand Canal, a UNESCO World Heritage site, flowing through it, Wuxi enjoys a history of more than 3,000 years. A stroll in the city will bring tourists to such famous sites as the Yuantouzhu, Nianhua Bay, Lihu Park, Chong’an Temple and Huishan ancient town.

Situated at the geographical center of the Yangtze River Delta and echoing the Shanghai-Nanjing and the Nanjing-Hangzhou development belts, Wuxi has a unique, advantageous location. With multiple railway and highway arteries connecting it and equipped with a modern transportation network, Wuxi is easily accessible by all means of transport.

Since 2020, Wuxi’s continuous economic miracles have comfortably landed on the No 1 position among Chinese cities in per capita GDP in three consecutive years, which reached 198,400 yuan ($28,828) in 2022. With the city assuming increasing economic, cultural and social importance in the country, it has even been chosen to play host to foreign dignitaries visiting China.

Riding the high tide of the country’s reform and opening up drive, Wuxi has attracted more and more investments from overseas. To date, it has a cumulative use of foreign investments totaling almost 80 billion US dollars. In 2022, the total import and export volume of Wuxi’s foreign trade exceeded 110 billion US dollars, reaching a new historical high.

Wuxi now boasts more than 7,200 foreign-funded enterprises and nearly 12,000 foreign trade enterprises, including over 110 Fortune Global 500 multinational companies, such as SK Hynix, AstraZeneca, and Bosch.

Such a rosy picture cannot be achieved without Wuxi’s continuous efforts to cultivate first-class business environment as the local government, always deeming business environment as the core competitiveness of a city, has rolled out a series of reform measures to facilitate business operations in Wuxi and make business activities more legalized and standardized.

Living in a picturesque Wuxi and enjoying all the benefits from the city’s high-degree of opening-up, the 7.49 million local residents share a happiness index among the highest in the country. A city full of opportunities and sincerity is confidently reaching out to the outside world, looking to achieve common development with all interested international partners.

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