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Wuxi is located in the central area of the Yangtze River Delta. It covers an area of 4,788 square km and has a total population of 5.84 million.

It exercises jurisdiction over the county-level cities of Jiangyin and Yixing.as well as seven districts of Chongan, Nanchang, Beitang, Xishan, Huishan, Binhu and Xinqu.

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Road, Wuxi

Wuxi is the birthplace of Wu Culture, national industry and commerce, and township enterprises in China. It is an Outstanding Tourist City of China, a National Sanitary City, a National Garden City, a National Model City for Science and Education, and one of the Top 10 Most Competitive Cities in China. It is a city with characters.
 
 
 

 


 

 

The sharp increase in gold prices in July had prompted people in Wuxi to cash in their gold bars recently.

 

At the China Gold store on Zhongshan road, Manager Sun said more and more people had come to cash in their gold bars during the last two days given the rising prices. Most of the sellers had bought their gold bars at the end of last year and the beginning of this year, Mr Sun said, which means they turned a healthy profit.

 

"Over the past week our pawnshop has had more than ten gold cash-ins every day,” a staff member of a downtown pawnshop said. “With prices so high right now, some people who bought low are selling.”

 

 

People within the gold industry said last year the sales volume of Wuxi's jewelry market was roughly 3 billion yuan, among which 70 percent came from gold transaction. And the city's residents bought an estimated 7.3 tonnes of gold jewelry and bars in 2010.



Editor:will

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