Wuxi City

Located in China’s wealthiest region, Wuxi is a main light industry centre, leading the nation in textiles, apparel, electronics and other consumer products. With a substantial heavy industry sector, Wuxi is also home to iron, steel, IT, high tech, and recently, solar energy equipment industries. The city sees comparatively stronger investment growth that in most coastal cities, and in 2010 its service sector outperformed its manufacturing sector in investment and rate of increase.

Based on its strength in microelectronics and semiconductors, Wuxi wants to establish the first “sensor city” in China and has plans to launch demonstrative projects for sensor networks monitoring environmental conditions, transportation and public safety. Notably, the city is home to a community of flourishing private enterprises: 12 of the 16 companies with revenue over 10 billion RMB in Wuxi are owned by entrepreneurs.

Wuxi City Quick Facts

Area
4,785 km2
Population:
6.2 million
Gross domestic product:
575.8 billion RMB
GDP growth:
13.1%
Fixed Asset Investment:
298.56 billion RMB
Utilized Foreign Direct Investment:
3.3 billion US$
Imports:
24.95 billion US$
Exports:
36.27 billion US$

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Top 5 Wuxi City Companies

Jiangsu Huaxicun Co (SHE: 000936) is engaged in manufacture of textile and chemical fiber products, generation and distribution of electric power, as well as storage services. It posted RMB3.25 billion in revenues and RMB181.77 million in net profits for 2010.
Weifu High-Technology Group Co (SHE: 000581) is engaged in the manufacture and sale of diesel and fuel injector system products and automobile rear system products. It posted RMB5.37 billion in revenues and RMB1.34 billion in net profits for 2010.
Wuxi Taiji Industry Co (SHA: 600667) is engaged in manufacture and distribution of cord fabrics and canvas products. It posted RMB2.55 billion in revenues and RMB85.77 million in net profits for 2010.
Jiangsu Sanfangxiang Industry Co (SHA: 600370) is engaged in manufacture, processing and distribution of cotton yarns, printed and dyed fabrics, trueran fabrics and color woven fabrics. It posted RMB1.3 billion in revenues and RMB60.81 million in net profits for 2010.
Jiangsu Hongdou Industry Co (SHA: 600400) is engaged in production and distribution of apparels, yarns and cotton textile products. It posted RMB2.14 billion in revenues and RMB59.46 million in net profits for 2010.

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