As China and France celebrate 60 years of diplomatic relations, the bustling city of Wuxi is making waves in global economic circles. 🌏✨ A high-stakes meeting in Paris this week saw Wuxi—a tech and manufacturing hub in Jiangsu Province—pitch itself as Europe’s next big partner for industrial innovation and investment.
Dubbed a 'friendship accelerator,' the event sealed key deals, including establishing Wuxi as the permanent home for the International Private Equity Market Forum’s China chapter. Think of it as Coachella for finance pros, but with more spreadsheets and fewer flower crowns. 📈💼 The move aims to attract top European firms, capital, and green-tech projects to Wuxi’s thriving '465' industrial clusters.
French Chamber of Industry and Commerce VP Gilles-Henry Garault praised Wuxi’s 'dynamism and vision,' calling it a magnet for collaboration. Meanwhile, Wuxi Mayor Zhao Jianjun doubled down on plans to turbocharge sectors like EV tech, AI-driven electronics, and renewable energy. 🚗🔋 'We’re rolling out the red carpet for French businesses—from boutique winemakers to startups,' he said.
Numbers don’t lie: Wuxi’s foreign trade hit a record $32.75B in Q1 2024, up 8.2% YoY. With Paris now in its 'squad goals,' this city of 7.5 million is proving you don’t need to be a megacity to make global headlines. 💪🌆
