Dutch investment boosts Yixing's agricultural development

Netherlands-based HX Agriculture B.V. agreed to invest nearly 6 billion yuan ($897.69 million) in Yixing, a county-level city in Wuxi, East China's Jiangsu province, at a signing ceremony on May 20.

As a core member of the Partners for International Business (PIB) in Horticulture, HX Agriculture boasts advanced agricultural technologies and abundant experience in rural revitalization.

HX Agriculture will invest in three projects in the city, namely the Yixing Sino-Dutch Asia-Pacific Agricultural Core Integration and Innovation Valley, Yixing Taihu Bay-HX Happy Tomato World, and the Yixing Green Agricultural Facilities and Equipment Demonstration Zone.

The innovation valley is a headquarters industrial park for enterprises involved in agricultural equipment manufacturing, green technology, and green finance. It will set an example for cooperation between China and Europe in low-carbon architectural technology.

The Yixing Taihu Bay-HX Happy Tomato World is expected to consist of an intelligent agricultural technology hall in Xinzhuang subdistrict and plant 100 rare species of tomato using artificial intelligence technology. A Netherlands-style block will be created by reconstructing the current residential buildings in the subdistrict.

The last project will showcase the application of big data, life sciences, new materials, and other technologies in agricultural production through large-scale plantations and farms.