Wuxi Leads the Way in Developing New Quality Productive Forces

Known as the birthplace of Chinese national industry and commerce, Wuxi has emerged as a frontrunner in developing new quality productive forces. With a strong industrial base, an innovation-driven ecosystem, and forward-thinking policies, Wuxi is setting benchmarks for transforming industries and fostering sustainable growth.

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A bird ' s-eye view of Wuxi

Harnessing Innovation for Economic Growth

Since the start of the 14th Five-Year Plan period (2021-25), Wuxi has recorded an impressive average annual GDP growth rate of 5.9%, reflecting a shift from traditional manufacturing to high-value, innovation-led industries. The city's focus on fostering new quality productive forces aligns with China's broader goal of high-quality development.

"New quality productive forces are about reshaping industries with advanced technology and innovative models," said a spokesperson from the Wuxi Municipal Government. "It's about creating sustainable and competitive growth while balancing traditional and emerging industries."

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CCTV Finance aired a special program on the New Quality Productive Forces Development Conference in Wuxi o n Dec 30, highlighting the city ' s innovative industrial development path .

Pioneers in Emerging Industries

Wuxi has been proactive in cultivating future industries, such as commercial aerospace, artificial intelligence, and advanced materials. Orienspace, a leader in commercial aerospace, achieved breakthroughs with the world's largest solid-propellant launch vehicle and China's first solid-bundled rocket for maritime launches.

In the energy sector, Great Solar Energy has advanced perovskite technology, becoming the first company globally to achieve gigawatt-scale production of perovskite solar panels. The company's breakthroughs include modules with record-breaking power outputs and efficiencies.

"Wuxi's confidence, patience, and dedication to nurturing innovative companies have been instrumental in our success," said a representative from Great Solar Energy.

Revitalizing Traditional Industries

Wuxi's commitment to new quality productive forces extends to revitalizing its traditional industries. The Wuxi No. 1 Cotton Textile Group, established in 1919, exemplifies this transformation. By integrating intelligent manufacturing technologies, the company has significantly improved its efficiency, with a single worker now overseeing operations for 10,000 spindles.

"Our goal is to combine heritage with innovation," said Cai Yun, Chairman of Wuxi No. 1 Cotton Textile Group. "Technological advancements have allowed us to preserve our legacy while competing globally."

Building Innovation Ecosystems

Wuxi's development model prioritizes collaboration between government, academia, and industry. The city's "465 Modern Industry Cluster" strategy supports advanced manufacturing, biotechnology, and digital industries. This approach has led to significant achievements:

Integrated Circuits: Wuxi's semiconductor industry, valued at over 240 billion yuan, has become a national leader in high-performance computing and advanced packaging technologies.

Life Sciences: The Wuxi International Life-Science Innovation Campus has attracted global leaders like AstraZeneca, fostering breakthroughs in cardiovascular and cerebrovascular health.

Smart Manufacturing: Local firms like Juxie Intelligent Drive Technology are pioneering humanoid robotics, thanks to robust industrial clusters and supportive policies.

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Humanoid robot showcased at Wuxi Juxie Intelligent Drive Technology.

Global Collaboration and Competitive Edge

Wuxi's open-door policy has attracted international enterprises and talent, creating a fertile ground for cross-border innovation. The annual World IoT Expo and Integrated Circuit Conference showcase the city's achievements and foster global partnerships.

One standout collaboration is the partnership between Wuxi, AstraZeneca, and the Hong Kong Centre for Cerebro-cardiovascular Health Engineering. Together, they are advancing AI-driven diagnostics and treatment for cardiovascular diseases, setting a global benchmark for healthcare innovation.

Meanwhile, local companies like Dayun IoT are breaking barriers in the Internet of Things (IoT) sector. With over 3,500 IoT-related enterprises, Wuxi has become a hub for smart city solutions, further solidifying its role as a leader in the digital economy.

Expanding Opportunities in Future Industries

Wuxi's future-focused industries include quantum technology, synthetic biology, and humanoid robotics. The city has already established key platforms, such as the Wuxi Quantum Technology Research Center and the Synthetic Biology Innovation Park, to drive breakthroughs in these emerging fields.

The city's focus on commercialization has also been a key factor in its success. For example, Wuxi startups specializing in humanoid robotics are rapidly scaling up operations, producing advanced robotic systems for use in healthcare, manufacturing, and elder care. These developments exemplify Wuxi's role in shaping future global markets.

The Human Factor: Talent and Policy

Recognizing that talent is the cornerstone of innovation, Wuxi has implemented policies to attract and retain top talent. Initiatives like the "Youth Lake Bay" program offer comprehensive support for young researchers and entrepreneurs.

Moreover, Wuxi's financial ecosystem complements its innovation goals. With private equity funds exceeding 550 billion yuan, the city ranks among China's top regions for venture capital activity.

The city also emphasizes fostering young talent through partnerships with leading universities and research institutions. Programs such as industry-university cooperative research platforms have allowed Wuxi to cultivate a new generation of scientists and engineers equipped to tackle future challenges.

Local Success Stories, Global Impact

Wuxi's unique approach has produced numerous success stories. The city's nurturing of key enterprises like Suntech Power has propelled them to global leadership positions. These successes underline Wuxi's capacity to combine local resources with global ambitions.

One example is the story of Juxie Intelligent Drive Technology, which has risen to prominence in the robotics field. Founder Zhao Wei highlighted the importance of Wuxi's supportive environment, saying, "The city's emphasis on fostering synergistic industrial clusters and innovation ecosystems has allowed us to innovate rapidly and expand globally."

A Role Model for Others

Wuxi's journey offers valuable lessons for cities aiming at transition to new quality productive forces. Its ability to balance traditional industries with cutting-edge technologies, foster global collaborations, and maintain an inclusive growth strategy makes it a model for modern economic development.

Wuxi's achievements also serve as inspiration for other regional players. By adopting similar strategies of integrating traditional strengths with emerging opportunities, cities worldwide can create a sustainable model of growth.

Looking Ahead

With a strong foundation in advanced manufacturing and a vision for the future, Wuxi continues to lead by example. As it explores uncharted territories in quantum computing, synthetic biology, and other emerging fields, the city stands as a beacon of innovation and progress.

By blending a legacy of craftsmanship with the promise of modern technology, Wuxi offers a blueprint for the future-one where tradition and innovation coexist, driving global development forward.
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