The vast Taihu Lake has not only given birth to one cultural celebrity after another, but also created convenient transportation for Wuxi, because Wuxi is the closest city to Taihu Lake; and the opening of the Beijing-Hangzhou Grand Canal has provided Wuxi with The early development was so powerful that Wuxi County became one of China's famous "Four Rice Markets" in the mid-Qing Dynasty. At the same time, Wuxi was also famous for its "cloth wharf", "silk wharf" and "money wharf". Convenient transportation has created a prosperous economy, and prosperous economic development has created the emergence and development of the buds of capitalism. In fact, the industry and commerce in the late Qing Dynasty were mainly based on "official capital". The Westernization faction represented by Li Hongzhang and Zuo Zongtang presided over the country's lifeline industries such as coal and iron, telegraph, silk reeling, and railways. The main representatives of management were Sheng Xuanhuai and Hu Xueyan. They all relied on the help and support of the government to develop their huge corporate empires. However, as the economic aggression of imperialist powers continued to intensify, "government-run capital" came to an end. In order to resist the economic aggression of imperialist powers, many had the desire to serve the country. Rich people with dreams have started their own businesses. Many of them have "boycott foreign products and promote domestic products" as their life-long goal. For example, the trademark of Rong's "Warship" brand flour clearly states: The ground says "China's homemade high-quality flour". At this time, China's national industry and commerce inevitably entered the stage of history. It should be said that Jiangsu is the birthplace of national capital enterprises in the country. The three earliest national capital yarn mills in the country are the Yeqin Cotton Mill of the Yang Family in Wuxi (1895), the Sulun Cotton Mill of Lu Runxiang in Suzhou (1895) and the Dasheng Cotton Mill founded by Zhang Jian in Nantong (put into operation in 1898). With a good start, many people began to set up national capital enterprises, and Wuxi was the most active city among them. Therefore, by the end of the 19th century, Jiangsu's industrial capital amounted to approximately one-tenth of the country's total, 60% of which was concentrated in the three cities of Wuxi, Suzhou, and Nantong.

The Yeqin Cotton Mill founded by brothers Yang Zonglian and Yang Zonghan in the 21st year of Guangxu (1895) marked the beginning of Wuxi's modern large-scale industrial mechanized production. By the eve of the liberation of Wuxi in 1949, Wuxi's national industry had developed rapidly for more than half a century, forming the Yang Capital Group headed by brothers Yang Zonglian and Yang Zonghan, as well as the second generation Yang Hanxi and Yang Weiyun; headed by Zhou Shunqing and Zhou Zhaofu and their sons Industrial groups led by six major national capital groups, including Zhou Capital Group; Xue Capital Group founded by father and son Xue Nanming and Xue Shouxuan; and Rong Capital Group founded by brothers Rong Zongjing and Rong Desheng. At that time, Wuxi already had more than 20 industrial categories such as textiles, silk reeling, flour, knitting, dyeing and weaving, and papermaking, and had 628 enterprises, of which 20 had more than 1,000 employees. According to statistics from 1936 (because the Japanese invaders completely destroyed the economic development of the coastal areas south of the Yangtze River in 1937, many companies moved westward to Sichuan), Wuxi had 315 factories and a total capital of 14.07 million yuan, ranking first among industrial cities in the country. Five, with a total output value of 77.26 million yuan, ranking third in the country after Shanghai and Guangzhou, hence the reputation of "Little Shanghai".

In fact, while so many national capitalists are developing businesses in their hometowns, they are also setting up factories in major cities across the country. Among them, Shanghai is the most important investment city, because Shanghai’s geographical advantages determine its development, there are many national capitalists who returned to their hometown of Wuxi to continue to start businesses after gaining a certain amount of capital through training in enterprises in Shanghai. After Japan surrendered in 1945, Wuxi's national enterprise capital made great progress. Although Wuxi was still under the jurisdiction of Changzhou at that time, the extremely active economy made Wuxi a "Pearl of Taihu Lake" on the southeast coast. Therefore, the rapid development of national industry and commerce should have played a very important role in Wuxi becoming an independent prefecture-level city.

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