The Social Contribution of Open Economy Improved
A healthily running of local economy internationalization drives the harmonious development of social economy. In the year of 2004, the degree of opening economy, dependence upon foreign trade and international investment reached 88.3%, 38.8% and 11.5% respectively, meanwhile, the foreign enterprises taxes contribution soared 20.6% to the financial revenue. The paid-in registered foreign investment contributes a percentage of 24.2% of the total investment in fixed assets, and FDI absorbs 41.1% of the local employment.

The International Opening Degree Enhanced
With a retrospect look of 2004, Wuxi held 6 remarkable international and nationwide business and trade events, which highlighted the business attraction and "going abroad" strategy. Meanwhile, the local enterprises were organized to participate in trade fares in 8 countries worldwide. Also, a bunch of business visits and culture exchange activities with Japan, South Korea, Germany, Italy, France and South Africa were successfully held. The officials from US, Australia and Hong Kong were invited to take part in specific lectures. So far, Wuxi has extended the economic links with 197 countries and regions.

FDI Increased and Ranked Ahead In Jangsu
In 2004, the contracted registered foreign capital occupied 18.4% among the counterpart cities within province, that is an increase of 2.1% and 15.4% more than the average level in Jiangsu compared with last year. And the paid-in registered foreign capital reaches 17.4% of Jiangsu's , 6.2% marge than the average level in Jiangsu province .

FDI Quality Greatly Improved
In 2004, 20 foreign investment projects with the capital more than USD 100 million chose Wuxi as their investment destination, and 6 new R&D centers entered into Wuxi. Among them, 7 were invested by Fortune Global 500. Also in this year, the service sector attracted 110 foreign investment projects with a total contracted registered capital USD 1.5 billion.

Average FDI Structure Optimized
The average scale of a single FDI project in 2004 is USD 7.262 million, while USD 5.12 million in 2003, among which, 128 projects investment is over USD 30 million which is 14 projects increase by comparing with 2003. During 2004, 323 foreign enterprises in Wuxi increased investment capital for their enterprises.

FDI Sources Optimized

Large-scale foreign investment characterized with flagship type and base type increased in 2004. The electronics industry featured by IT and machinery industry featured by automobile parts manufacturing utilized USD 2.71 billion contracted registered investment, which account for 41.6% of the newly approved foreign investment in Wuxi. In 2004, the so-called "Japanese investment highland" was further consolidated in Wuxi, the investment from Europe and US is USD 606 million and USD 580 million, it indicates an notable increase of 120.2% and 79.2% respectively.

CEPA Matching Advantage Obtained
Wuxi grasped the opportunity in cooperating with Hong Kong and Macao enterprises in trade and investment under the framework of CEPA with a package of policies, followed by series of promoting activities. In 2004, 273 Hong Kong- and Macao-invested enterprises have been approved to establish their business presences in Wuxi with 1.69 billion US dollars Hong Kong investment, among which, the service sector has a contracted registered capital of 340 million US dollars, accounting for 20% of the Hong Kong and Macao investment.

Economic Development Zones Strongly Support Local Economy
In 2004, a so-called echelon pattern of 4 national, 7 provincial, 5 municipal Economic Development Zones as well as a series of key industrial regions with their own specialties has been formulated. The contracted registered foreign capital, paid-in registered foreign capital and exports of the important economic development zones accounting for 87%, 83% and 65% of Wuxi's total volume.

The Planning Economic Development Zones Outlined
The decree of the development standards of the Economic Development Zones brings scientific and rational elements to the construction and development of the zones. In 2004, the main economic indexes, such as regional GDP, industrial sales income as well as financial revenue are all twice as much as Wuxi' s average level. The new- and high-tech industries' added value reaches 46% of the economic zones, which indicates 15% more than the average level of Wuxi. The average approved investment in each mu accumulate 400, 000 US dollars which increased by 1/3 compare with 2003.

Both Imports and Exports Exceed 10 Billion US Dollars
In 2004, the imports and exports both exceeded 10 billion US dollars, the statistics show they are 11.02 billion and 10.82 billion US dollars respectively. The total amount of imports and exports listed as the No.2 in Jiangsu province, with the export 2.5% more than that of the provincial average level, and 15.1% more than the national level.

Exporting Restructure and Upgrade Emerged
In 2004, the machinery and power-generating equipments realized an exporting volume of 6.654 billion US dollars, increased by 52%, accounting for 60.4%of total volume of Wuxi; and the exports of Hi-Tech products hit USD 3.776 billion, increased by 47.5%, which makes up 34.3% of the total exporting volume in Wuxi. Additionally, 6 Wuxi enterprises obtained the honors of "Famous Brands to be Cultivated with Priority by the Ministry of Commerce during 2005 and 2006.

The Exporting Destinations Enlarged
EU, Hong Kong, US, and Japan become the 4 main markets of Wuxi's exports, and the exports to the above mentioned markets in 2004 reached USD 6.98 billion, which is 63.4% of the total export in Wuxi. Meanwhile, the export to ASEAN，the Middle East and other newly developed markets showcase a very dynamic trend.

Export of the Private-owned Enterprises Multiply
A total 795 private-owned enterprises acquired the exporting right in 2004 which covered 94.6% of the newly approved enterprises in Wuxi, and 45.5% of the accumulated privately enterprises with the exporting rights in the past years. And the import and export amount of private-owned enterprises are USD 2.89 billion, with an increase rate of 106.8%.

The International Economic Cooperation Boost in Both Scale and Level
In 2004, the turnover of the international economic cooperation reaches USD 121 million, which increases 40.94% compared with the last year. The newly dispatched labors abroad are 462, and the total labors working abroad are more than 1000. In 2004, 18 newly invested projects are approved. The accumulated number reaches 64 and become the No. 1 in Jiangsu Province.

Non-trade Investment Abroad Achieve New Breakthrough
The average scale of non-trade investment project abroad increases rapidly. In 2004, the total overseas investment is USD 4.6 million which indicates an increase rate of 80%. Among them, the average investment by Wuxi locals is USD 1.52 million with the increase rate of 38.2%. The non-trade investment in developed countries also sees a rise. Almost half of the newly approved investment programs were located in US, Holland, Australia, etc.

Private-owned Enterprises Play Important Roles in Overseas Investment
Among the newly invested non-trade enterprises abroad, 7 are invested by private enterprises. Wuxi Xingda Nylon Co.，Ltd. succeeds in integrating investment attraction and overseas investment. The company founds 4 manufacturing joint ventures in both China and Europe with the DuPont.