Taicang launched 15 key projects on Feb 18 with a total investment of 5.47 billion yuan, among which 10 projects are domestically funded to the tune of 3.57 billion yuan, and five have foreign investment of 1.9 billion yuan. Emerging industries, such as new materials, new medicine, heavy equipment, new energy and electronic information, account for 70 percent of these projects.

As an important shipper of Taicang’s biotechnology industries, Taicang biological port started to be built three months ago. At present, Suzhou Jitai Biotechnology Co., LTD and Yikesai biotechnology (Taicang) Co.,LTD have registered their companies in the port.

German brands are beginning to play an important role in Taicang. With 10 years of development, Mubea Automotive Components (Taicang) GmbH has set Taicang as its China Headquarters. Last year, its sales volume reached 600 million yuan and paid tax of 35 million yuan. This year, Mubea is investing 200 million yuan into a new project with an expected annual output value of up to 800 million yuan.