Yixing secures $1.57b in deals

A signing ceremony for the 10 projects to be located in the Yixing Economic Development Zone is held on April 14. [Photo/WeChat account: wuxidaily]

Yixing, a city administered by Wuxi in East China's Jiangsu province, secured 20 projects worth more than 10 billion yuan ($1.57 billion) from April 12 to 14, local media reported.

Ten of the projects, worth a combined 5.3 billion yuan, will be located in the Yixing Environmentally Friendly Technology Industrial Park. The projects include two foreign-invested ones and involve healthcare, high-end manufacturing, environmental protection, and new energy.

An aerial view of Yixing. [Photo/WeChat account: wuxidaily]

The other projects will be established in the Yixing Economic Development Zone.

With approval from the Ministry of Science and Technology, the Yangtze River Delta National Technological Innovation Center is a comprehensive technological innovation center built by Jiangsu, Zhejiang, and Anhui provinces and Shanghai.

The Yixing Economic Development Zone will partner with the center in the construction of a joint enterprise innovation center, research institutes, and a joint training base for graduate students.

Another project – the JITRI semiconductor material research institute – will make full use of Yixing's strength in the ceramic industry and cooperate with leading companies in the industry, including NAURA Technology Huawei, to develop more high-quality semiconductor materials.

Yixing authorities have utilized innovative means of attracting investment amid the latest nationwide outbreak of COVID-19. In March alone, they organized more than 80 video conferences for business negotiations and follow ups on projects under negotiation.