Wuxi thrives with robust industrial development
chinadaily.com.cn | Updated: 2024-10-16 15:59
Wuxi is also dedicated to revitalizing traditional industries. Wu Shuokai from the municipal bureau of industry and information technology highlighted the importance of nurturing new quality productive forces in both emerging and traditional sectors, noting, "New quality productive forces should not only be exclusive for emerging or future industries, and they can also be fostered in traditional industries."
The Wuxi No 1 Cotton Mill Textile Group, established in 1919, exemplifies this by spearheading technological advancements in the traditional textile industry through an accumulative investment of 600 million yuan, establishing a first-class intelligent factory.
Looking forward, Wuxi is steadfast in its commitment to revitalize traditional industries in Jiangsu province. The aim is to complete the initial phase of upgrading traditional industries by 2027, with over 600 projects targeted for transformation annually starting in 2024.
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