The city of Wuxi launched 209 major investment projects involving 313.9 billion yuan of investment. 90.1 billion yuan is to be injected in the first year of the investment.
The investment covers industrial development and livelihood improvement as well as eco-friendly projects and innovative carriers.
Among them, "Huahong Wuxi IC R&D and manufacturing base project" is the first phase of implementing the 13th Five-Year Plan of National Integrated Circuit Project in Jiangsu with a total investment of 10 billion U.S. dollars, laying a solid foundation for Wuxi’s role of becoming the National Southern Microelectronics Industrial Base Center.
These projects have shown significant increase in terms of the total investment and the investment scale with the investment structure further optimized.
Of the 172 major industrial projects, 115 are concentrated on emerging industries and advanced manufacturing projects with the combined investment accounting for 56% of the total.
In 2017, Wuxi’s GDP hit its first trillion yuan mark for the first time in history. Last year, 20 projects from Wuxi were included in the provincial major project plans by fulfilling 107% of the investment.
In the future, Wuxi will continue to strengthen the supporting role of major industry projects and boost the economic development from high-speed growth to high-quality developments.
(Source:Jiangsu International Channel)
