Wuxi, often dubbed the \"little Shanghai,\" is rapidly emerging as a leader in China’s industrial modernization journey. Situated by the scenic Taihu Lake in the heart of Jiangnan, Wuxi boasts favorable geographical conditions and a robust industrial foundation that have been pivotal to its growth.
Historically a major birthplace of modern industry in China, Wuxi has been instrumental in developing township enterprises and the southern Jiangsu model. In recent years, the city has seen a significant surge in strategic emerging industries, fostering new quality productive forces that underscore its position as a frontrunner in high-quality development within Jiangsu Province.
Central to Wuxi’s success is its commitment to an innovation-driven core strategy. By actively restructuring and upgrading traditional industries, the city has propelled industrial innovation through technological advancements, achieving remarkable results. In 2023, the added value of Wuxi’s major industrial enterprises grew by 7.8 percent year-on-year, with the total output exceeding 2.5 trillion yuan ($344 billion).
The proportion of strategic emerging and high-tech industries within major industrial enterprises continued to rise, reaching 41.8 percent and 51.8 percent, respectively. This trend highlights the seamless integration of traditional and emerging industries in Wuxi, with social forces of production making continuous strides forward.
Wuxi’s trajectory exemplifies the dynamic transformation of China’s industrial landscape, positioning the city as a beacon of innovation and sustainable growth in the region.
Reference(s):
cgtn.com
