Wuxi traders go all out to ink new deals

Enterprises in Wuxi, East China's Jiangsu province, have ramped up efforts to promote their products, expand their businesses, and obtain new orders since October this year.

Enterprises in Binhu district have been obtaining new orders since October. After the chartered flight to Japan that month, Binhu enterprises took another chartered flight to Europe in Dec.

Binhu-based Wuxi Jiejin Precision Machinery Co Ltd is expected to clinch annual purchase orders worth tens of millions of yuan in Italy and Portugal, while another enterprise, Yinguang Jinyuan Technology Development Co Ltd, also secured large amounts of processing orders from the trip.

During the recently concluded investment promotion month, Xinwu district in the city secured 235 foreign-invested projects with a total investment of 223.3 billion yuan ($32.01 billion).

Statistics show that in the first 11 months of the year, the district's imports and exports reached $54 billion, accounting for half of the city's total. Xinwu's exports surged 16.9 percent year-on-year to $31.8 billion.

Next year, Xinwu will embark on a global investment promotion trip.

The sales revenue of Jiangsu Wencan Die Casting Co Ltd, located in Yixing, is expected to increase nearly 30 percent, according to Wang Jun, director of the enterprise.

Wang noted that all of the enterprise's 500 or so employees have been working at full capacity.

To help local businesses recruit more employees, Wuxi authorities have organized 63 job fairs and transported nearly 4,000 migrant workers from other cities this year.