[Photo by Li Min/China Daily]

Industrial structure

Behind the growth momentum is a modern industry development system, which covers the sectors of the internet of things, advanced equipment manufacturing, clean energy and new energy vehicles, life science and technology, artificial intelligence, the modern service industry and emerging industries.

The district has developed into an industrial hub for new-generation information technology, with pillar sectors of the IoT and high-performance integrated circuits, supported by electronic information.

Businesses and researchers in Xinwu have developed a number of core technologies in the IoT industry and contributed to the formulation of industry standards, enabling a growing global influence and putting the district at the forefront of the country.

The district boasts a leading photovoltaic industrial cluster in China, with a complete industrial chain from research and development, product manufacturing, equipment supply, inspection and testing, and power plant installation to investment services. It aims to build itself into an automotive battery center in Kast China that integrates R&D, production and testing.

Xinwu ranked among the 2019 China Top 20 Biomedicine Industrial Parks in terms of comprehensive competitiveness and the Top 10 Competitive Parks honored by the National Center for Biotechnology Development, affiliated with the Ministry of Science and Technology, which provides a glimpse into its strengths in the life science and technology industry.

The district's advanced equipment manufacturing industry features a complete range of products and a domestically leading production capacity. It is considered a globally advanced manufacturing center.

The local AI industry focuses on developing the intelligent product portfolio, boosting R&D and production of key devices and components and thus creating an ecosystem of intelligent industries.

The modern service industry in the district puts emphasis on information services such as IT, science and technology, finance, commerce, cultural creativity and innovation, logistics, leisure tourism and healthcare.

Xinwu has also pinned hopes on emerging industries, including 5G, AI, graphene, additive manufacturing and other sectors to gain an edge in industrial development in the future.

Currently, the district is home to more than 26,000 businesses, including 1,674 foreign-funded companies, 20 companies publicly traded on the main boards in Chinese and overseas capital markets and 77 listed enterprises in the over-the-counter market.

Foreign inbound capital is mainly from Japan, South Korea, the United States and Europe. Seventy-one Fortune 500 companies have invested in 119 projects in the district.

There are 26 multinational headquarters, including three comprehensive headquarters, four regional headquarters, two focused on investment, two on marketing, and two on R&D and finance.