Why this is important to Wisconsin businesses: Biotech and pharmaceuticals, information technology and energy technologies are particular areas of focus.
Since the beginning of this year, authorities in Jiangsu Province have been improving the local business environment in a bid to attract more quality investment.
According to the provincial Department of Commerce, this province (located just north of Shanghai on China’s east coast) placed first among all Chinese provinces in terms of foreign direct investment for the most recent reporting period.
Investment in the strategic emerging industries of biotech and new pharmacy, high-end software and information services, and energy-saving and environmental protection grew 132%, 58% and 42%, respectively.
Meanwhile, it was reported that the talks between the U.S. and China in Shanghai at the end of July included “sincere, efficient and constructive” in-depth exchanges on major economic and trade issues of common interest.