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Taicang Port drives economic growth

chinadaily.com.cn | Updated: December 27, 2023

Taicang Port is reshaping its identity from a traffic hub to an economic engine, establishing itself as a modern trade and industry epicenter.

Benefiting from its prime location as the primary carrier of Taicang Port and the advantages of a national-level development zone, the port area attracts major projects, European and American companies, and Fortune 500 giants, nurturing large enterprises, and forming distinctive industrial clusters. With a string of achievements, Taicang Port sets new targets, aiming to create industrial clusters along the riverfront. The focus lies on high-end equipment, advanced materials, and the extension of supply chains in leading industries such as new energy vehicles and aerospace.

The port area actively welcomes and concentrates on key industries, fostering a diverse business environment. Suzhou Tianshun New Energy Technology, a company in the area, achieves a 16-percent growth in wind power equipment exports in the first three quarters of 2023 compared to that of 2022. 

In line with the global approach, the port area is swiftly advancing Suzhou Global Specialty Commodity Exhibition Center, cultivating new business and providing a platform for Chinese brands to go global.

This transformation is not merely theoretical; it's evident in tangible successes such as the area being able to independently issue credit letters for wood imports, easing financial pressures on enterprises.

The port area's relentless pursuit of growth and diversification is creating a dynamic and influential hub, linking global trade seamlessly and solidifying its position as a key player in the evolving landscape of modern trade and industry.