Foreign-invested enterprises flourishing in Xinwu
Xinwu district in Wuxi, Jiangsu province, is home to more than 26,000 businesses, including 1,674 foreign-funded enterprises, involving a total of $23.3 billion in paid-in overseas capital. The businesses, mainly focused on high-tech, new energy and modern service industries, are playing a vital role in the district's high-quality economic growth. Representatives from the local business community shared their views on Xinwu's business environment and tell of their companies' success stories in the district.
Shu Peng, operations director at Jabil Wuxi. [Photo provided to China Daily]
With more than 10 years of experience working at Jabil Circuit (Wuxi), I have fond－and proud－memories of the progress we have made in Xinwu district. Once termed as "farmland" by one of our European customers at that time, the same piece of land is today a fully-developed free trade zone equipped with leading-edge infrastructure. Today, Wuxi leads Chinese cities in terms of per capita GDP. In tandem with growth, Jabil Wuxi also boasts one of the highest per capita revenue among Jabil sites worldwide. Jabil established its Wuxi subsidiary in 2004 and during the past 16 years, the company in the city has seen three major transformations. Today, manufacturing is a suite of turnkey solutions with automation and software powered by 5G technology. At all times, we challenge ourselves to provide more value-added services to our customers. This would not be possible without the assistance of the local government and authorities that supported our efforts to review and reform for the better. The user-friendly commercial environment, plus the combination of traditional culture and modern style, are attracting more global talents to start their careers or develop their own businesses in Xinwu.
Yeo Celeste, vice-president of Infineon. [Photo provided to China Daily]
Moving to a country alone for the first time and starting a new life there can be challenging. However, my experience in China's Xinwu district was a smooth and pleasant one－thanks to its diversity and development. Xinwu district is a well-developed, beautiful area that offers both modern conveniences and a natural charm. It is a hub for international companies in the city, as well as the highland of integrated circuits and internet of things industries in China. Infineon Wuxi has impressively been a part of the district for the past 25 years and shaping the semiconductor landscape for tomorrow. The district also prioritizes quality development and supports the enterprises. Such support follows in line with Infineon's motto to prioritize quality first. With quality as its competitive advantage, Next Level of Zero Defect is a core program of Infineon's operations management. Xinwu's leadership in high-quality development was evident again with the Wuxi Mayor Quality Awards presented to local enterprises, including Infineon.