An increasingly large number of businesspersons from Jiangsu province have turned to northwest China’s Ningxia Hui Autonomous Region for investment, which has in turn helped to promote the economic growth in Ningxia.
Ningxia SIT Photoelectric Technology Co. Ltd has stepped up its efforts for the test and adjustment on its self-developed intelligent interactive machines.
This new "Internet + Education" intelligent interactive product for smart classrooms will be unveiled at the 4th China-Arab Expo Jiangsu Industrial Products Exhibition.
The Baosheng Ningxia Cable Wire Technology Co. Ltd has entered the peak production period.
In September 2016, Baosheng Group and two companies in Ningxia joined hands for reorganization and restructuring by investing 2 billion yuan in the first phase for R&D and manufacturing of special aluminum alloy wires and aerospace special aluminum core cables.
For the past three years, the company has been recording more than 100 million yuan of monthly sales with the annual sales totaling 1 billion yuan, said Xu Weifeng, chairman of Baosheng Ningxia.
In the meantime, 50000 business persons from Jiangsu launched investment projects or settled down in Ningxia in the past decade.
They have launched 60000 firms of varied kinds with focus on energy, chemical, equipment manufacturing and other sectors.
