From January to July, Taicang in East China's Jiangsu province registered new foreign investments valued at about $1.75 billion, up 61.07 percent year-on-year, according to the city's commerce bureau on Aug 19.

During this period, the city secured 69 new foreign projects valued at $820 million. Most of the projects were signed to develop the city's manufacturing industry and trade services.

A total of 37 previously existing projects also received foreign capitals totaling $1.01 billion, up 273.04 percent year-on-year.

Taicang-based Land Group and Siemens AG (China) sign a cooperation agreement for a smart industrial park in Taicang on May 18. [Photo/WeChat account: tcsrmtzx]