Jiangyin, Jiangsu invites merchants at home and abroad to -build a better Jiangyin and welcome a better future-
On the afternoon of October 18, the 2024 Jiangyin Economic and Trade Cooperation Conference took place at the Jiangyin Grand Theatre, centered on the theme “Open, Shared, Collaborative, and Win-Win.” Hundreds of guests and business representatives from both domestic and overseas gathered to strengthen friendships and discuss partnership opportunities.
We spoke with Xu Feng, a member of the Wuxi Municipal Standing Committee and the Secretary of the Jiangyin Municipal Committee, who issued an open invitation to visionaries to pay attention to Jiangyin, invest in the area, and establish roots. In his words, Jiangyin is a place of rich culture, vibrancy, and heartfelt connections, where individuals can discover their better selves, collaboratively build a brighter future, and shape a better Jiangyin.
Jiangyin is strategically located at the geometric center of the Yangtze River Delta urban agglomeration, often referred to as the “Gateway to Yangtze” and “Lock on Navigation.” As a leader in county-level economic development in China, Jiangyin boasts a diverse industrial base and a high degree of openness. It has earned the title of China’s “Top County in Manufacturing” after achieving 21 consecutive crowns as the national leader in basic competitiveness among county economies.
“We are on the cusp of significant industry transformation, with innovative momentum surging, and an open and inclusive spirit prevailing,” Xu remarked, sharing a vivid depiction of Jiangyin’s current landscape.
In terms of industrial transformation, Jiangyin is executing a comprehensive “345” modern industrial cluster strategy. Traditional sectors are being revitalized, strategic emerging industries are gaining momentum, and future industries are strategically positioned. Regarding innovation, Jiangyin aspires for “Innovation Jiangyin” to be the most beautiful representation of its modernization efforts, with education and technology talent working hand in hand. The financial sector is continuously nourishing the innovation landscape, and a well-structured innovation framework is taking shape.
Xu also emphasized Jiangyin’s commitment to environmental protection, highlighting the breathtaking views along the river and canals that showcase the vast beauty of the landscape. He painted a picture where visitors can stroll through the historic streets, savor local delicacies, and experience a business environment that has been consistently recognized as the best in the province. “Here, foreign and domestic entrepreneurs feel at home, truly becoming part of Jiangyin,” he said.
At the conference, the “Jiangyin Qingrui Investment Promotion Alliance” was inaugurated, and several awards, including the “Best Investment Partner” and “Chief Advisor of Industrial Chains,” were presented. The Jiangyin Investment Environment White Paper was also officially released, along with promotional presentations from representatives of various functional areas including Jiangyin High-tech Zone and Lingang Development Zone. A total of 41 projects were signed, with a total investment of 41.5 billion RMB.
This year, Jiangyin has achieved a historic high in actual foreign investment utilization, reaching 1.16 billion USD from January to August, a 12.5% increase year-on-year, and maintains a leading position among similar counties and cities in the province. Currently, there are 3,547 registered foreign-funded enterprises in Jiangyin, with actual foreign investment exceeding 19 billion USD. Additionally, 28 Fortune 500 companies have established 52 foreign-funded enterprises in the area, covering a range of industries including metal products, machinery, new materials, renewable energy, integrated circuits, and computer communication equipment.