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Taicang increasingly attracts foreign investment

chinadaily.com.cn | Updated: March 22, 2024

Taicang, a county-level city in Suzhou, Jiangsu province, has attracted a growing number of foreign-funded projects.

In 2023, the city registered 123 new foreign-funded projects, with six of which had an investment exceeding $100 million each.

Outstanding partners, investment personnel, industry consultants, and high-quality project referral agents have made significant contributions to Taicang's ability to attract investment and industrial development.

"When bringing in new clients, we find that Taicang is the best choice. The Taicang team provides us with diverse options, making it easier for clients to settle in," said Per Linden, president of Shanghai Scandic Sourcing.

Confidence in Taicang's future development is also shared by cooperating agencies and industry consultants.

"Taicang's strategic location along the Yangtze River near Shanghai, its scientifically-sound industrial planning, and its efficient and friendly business environment are key factors attracting investors," said Sun Jie, a consultant for CBRE (Shanghai) in China.

He added that Taicang's rich cultural heritage, professional government service team, and meticulous service philosophy also provide strong support and guarantees for enterprises investing in Taicang.

In 2023, CBRE recommended that high-quality projects such as SKF lubrication systems and Danaher IDT Oligonucleotides project be carried out Taicang.