New District Where The World Comes To Do Business In Wuxi

New District where the world comes to do business in Wuxi

by

Pushpitha Wijesinghe

Wuxi neighbours the famous city of Shanghai, and is fast gaining a reputation with its booming economy and picturesque surroundings. Divided by the beautiful Lake Taihu, the city was said to have been founded over 3,000 years ago by two fugitive princesses. The focus of Wuxi is more business-centric, specially the New District area, which falls under the Binhu District.

The Wuxi New District (WND) has its own administration committee and is known to be a major industrial park in China. Established in 1992, the area has more than 1,500 companies that provide manufacturing support for operations abroad.

There are six major industries that the New District is focused on solar power, electronic information, bio-pharmaceuticals, new materials, fine chemicals, precision machinery, mechanical and electrical integration. Further to these industries, the development of the following areas is also encouraged R&D, automobile production, automobile assembly, computer software, heavy industries, industrial equipment and the manufacture of machinery.

Among all the cities in China, Wuxi is known to be the one which has the most number of industrial parks. One of the industrial parks that exists in the WND is called Wuxi Singapore Industrial Park (WSIP), which derives its name from the Wuxi municipality and Singapore Semcorp Technologies Industrial Corporation joining hands to set up the zone in the latter part of 1993. Other parks that contribute towards the city s outsourcing industry are Wuxi Industrial Design Park, I-Park, K-Park, Bio-Park and T-Park. Not only is the zone home to numerous multinationals, it also caters to the tastes of the expatriates. One could find plenty of international franchise outlets, spas, schools, a church, gyms, restaurants and shopping opportunities.

The location of the Wuxi New District is a strategic one, as it is easily accessible for domestic and overseas import and export of goods. Countries such as UK, Germany France, Israel, Italy, Korea, Netherlands, Belgium, Canada, USA, Japan and many others have working relationships with companies in the zone. Suntech Photovoltaic Park located in WND is among the leaders in discovering innovative solar power solutions.

Those in search of a

Wuxi hotel

in the New District will discover that Millennium Wuxi is a premier choice. This 5 star

hotel Wuxi

offers a good choice of facilities and services catering towards not only the business executive, but those coming to the city on holiday as well.

Pushpitha Wijesinghe is an experienced independent freelance writer. He specializes in providing a wide variety of content and articles related to the travel hospitality industry.

Article Source:

ArticleRich.com