Wuxing woos investment with the YDR plan

Wuxing District in Huzhou of Zhejiang Province on Friday signed a sister district agreement with Shanghai’s Changning.

It also aims to boost collaboration with eight districts in Shanghai, including Pudong, Hongkou, Minhang and Jiading, to develop business in areas of advanced equipment, artificial intelligence, industrial robots, integrated circuits, new energy vehicles, information technology and new materials.

On Friday, companies in the district signed agreements for 43 investment projects worth a total 46 billion yuan (US$6.46 billion) — two of which were worth more than 10 billion yuan each — and many related to Shanghai businesses.

It is part of Wuxing's strategy of integrating into the growth of the Yangtze River Delta Region. Located in the central part of the region, Wuxing is connected to its neighbors by high-speed railway.

In the first eight months, Wuxing attracted 117 projects with total investment of 47.6 billion yuan — a reflection of the city’s charm amid the background of Yangtze River Delta’s integrated growth. It also enhanced efforts to attract more professionals to the district.