Business Advisory

Investment In Wuxi

One of Worldwide Safest City for Offshore Outsourcing 2010

Dubbed as “the little Shanghai”, Wuxi, China is located in the center of Yangtze River Delta, bounded by Taihu Lake in the south and Yangtze River in the north. With an area of 4,788 kilometers and a population of 4.67 million. Wuxi has 2 county-level cities (Jiangyi and Yixing) and 7 distrits (Xishan, Huishan, Binhu, New District, Chong’an, Nanchang and Beitang).

Wuxi is developed in economy with its GDP reaching USD$90 billion and GDP per capital USD$14,000 in 2010. By the end of 2010, 12,640 foreign-funded enterprises established in Wuxi with the paid-in registered capital over USD$34.6 billion. In addition, 76 Fortune 500 MNCs have established its subsidiaries and factories in Wuxi. Wuxi has built up business relations with more than 200 countries and regions and its imports and exports totaled USD$61.22 billion in 2010.

Strong Foundation & Market Support

As the cradle of national industry, commerce and township enterprise, Wuxi is an important manufacturing center in China. By the end of 2010, the value-added volume of big enterprises in Wuxi ranks No. 8 in China, the production and design capacity of large-scale Integrated Circuit (IC) list No. 1 and No. 4 in China respectively. With 135 state-level and provincial level industrial technology R&D centers, 32 start-up service centers, 37 key research institutions, laboratories and public service platforms, Wuxi has been selected and approved as National Pilot City for Innovation, Pilot City for Cloud computing service Innovation, and the sole Demonstration Zone and industrial Base of State Sensor Network. The strong manufacturing sector of the Yangtze River Delta area with Wuxi as its geographic center offers broad market for the development of service outsourcing industry.

Ample Functional Parks and Solid Technical Support

At present, over 10 state-of-the art software and outsourcing parks with comprehensive functions, competitive strength and different features have been built and put into operation in Wuxi, with a total floorage area over 5 million square meters. Wuxi boasts lots of high-level public service platforms, such as IBM-China Cloud Computing Center, the first of its kind in business operation in the world and China Telecom International Data Center (Tier 4), and so on. Wuxi enjoys comprehensive telecommunication and network infrastructure and is a key node city of China’s Telecommunication Grid. By easy “bag check-in”, service providers can enjoy low cost and ready-made state-of-the-art infrastructure of Wuxi.

Wuxi Innovation Park (I-Park)

Wuxi Knowledge Park (K-Park)

Facts:

China top 10 Economic Cities, 2010
Forbes China top 10 Best City for Business, 2010
Safest City for Offshore Outsourcing
Ranked No. 6 in China in Terms of Industrial Output
75 Fortune 500 MNCs established 144 companies in Wuxi
Over 6000 foreign enterprise invested in Wuxi till end of 2009
China Service Outsourcing Model City
China National Cloud Computing Service Innovation Trail and Demonstration City
China National Sensor Network Innovation Demonstration Zone (National Sensing Information Center)
International Digital Film Industrial Park
Total of 12 Major Software, Science, Technology and Outsource Parks

8 major strategic emerging industries focus by Wux:

As the important foundation and momentum in the process of economic transformation and development in Wuxi, strategic emerging industries have been making more and more contributions to the overall economic development. In 2010, the industries output value of 6 emerging industries (Internet of Things, New Energy & New Energy Vehicle, New Materials & New Display, Energy Conservation & Environmental Protection, Biological, Micro-electronics.) in Wuxi is approximately RMB 327 billion Yuan, accounting for 25% of Wuxi's Scale Industrial Output Value; the operating revenues of the other 2 emerging industries (Software & Service Outsourcing, Industrial Design, Cultural & Creative) reaches over RMB 83 billion Yuan. As emerging industries in Wuxi are developing rapidly, new economic growth poles and advantages in regional competitions have preliminarily come into being.

Internet of Things (Wireless Sensor Network)
Industrial Design, Cultural & Creative Industry
New Energy & Green Vehicle Industry
Biological Industry
Micro-Electronics Industry
New Material & New Display Industry
Software & Service Outsourcing Industry
Environment Protection Industry

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