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Wuxi investment sets sail for Southeast Asia
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Wuxi held an investment promotion conference in Hong Kong on March 30, encouraging local enterprises to cooperate with Wuxi counterparts in overseas investment, especially at the Sihanoukville Special Economic Zone (SSEZ) in Cambodia.
Wuxi's pillar enterprise Hongdou Group is one of the many Chinese and Cambodian firms that took part in the investment and construction of the state-level overseas economic zone since 2008, helping it become a model area of China's Belt and Road Initiative.
The SSEZ is an economic and trade cooperation zone that has seen the settlement of more than 100 global enterprises and helped 14,000 local people gain employment, according to Qian Wenhua, minister of HOdo’s brand culture department.
Wuxi in East China's Jiangsu province, a key force on the Silk Road Economic Belt and Maritime Silk Road, is taking great advantage of investing in the global market thanks to the national Belt and Road Initiative.