Wuxi seeks digital economic cooperation in Hangzhou

Wuxi in East China's Jiangsu province hosted a conference in Hangzhou, capital of Zhejiang, on Nov 2 to seek cooperation with the city in digital economy.

The conference was attended by more than 150 people, including those from Zhejiang's leading digital economic enterprises such as Liu Yongyu, general manager of CETC.

Wuxi clinched 28 cooperation agreements on digital economic projects worth about 13.8 billion yuan ($1.89 billion) with Hangzhou enterprises.

The projects include one industrial fund, two industrial internet platforms, three e-commerce platforms, four digital culture projects, seven manufacturing bases and 11 research and sales innovation platforms.

The Wuxi municipal government inked a strategic cooperation framework agreement with CETC, with both sides agreeing to build an industrial cluster focused on micro-sized robots and the integration of sensing, storage, and computing to boost the high-quality development of Wuxi's digital economy.

The Xuelang Academy of Engineering and Xuelang Industrial Software Research Institute were inaugurated at the conference.

The former will specialize in future intelligent manufacturing and internet of things while the latter will be dedicated to promoting the application of industrial software.

In recent years, Wuxi has seen rapid development in its digital economy. In 2021, the core industrial scale of the digital economy in Wuxi exceeded 600 billion yuan, and the city has been home to three digital industrial clusters valued at 100 billion yuan.

Over the past two years, Wuxi has brought in more than 100 digital economy projects with a combined investment of nearly 15 billion yuan.