Taicang in East China's Jiangsu province, is to promote its future development strategy, including tighter commercial ties with Shanghai and German companies, and trade with other global firms through Taicang Port.

A model building on display during Taicang's 2016 Golden Autumn Economic and Trade Month. [Photo/Taicang Daily]

It unveiled the 2016 Golden Autumn Economic and Trade Month on Oct 15 to attract more investment in a more challenging economic climate, along with a merchant investment meeting in Shanghai on Oct 13.

The annual economic and trade month has been held for some years, and this year's event will run until late November.

A total of 22 projects were signed at the opening ceremony of the event in various fields, including nine investment projects from German companies, with total investment hitting 8.53 billion yuan ($1.27 billion).

Taicang signs agreements with company representatives at the opening ceremony of the 2016 Golden Autumn Economic and Trade Month. [Photo/Taicang Daily]

Top officials from Taicang have attached great importance to this event, and expressed their wishes that the event will help build Taicang into a zone for modern industry and a prosperous home for local residents.

Seibert Nils, deputy general manager of the Delegation of German Industry and Commerce (GIC) Shanghai, expressed his view that further Sino-German cooperation focused on innovation, is in accordance with the German Industry 4.0 plan and China's blueprint of Made in China 2015.

Seibert Nils, deputy general manager of GIC Shanghai, points out the importance of Sino-German cooperation during the opening ceremony of 2016 Golden Autumn Economic and Trade Month. [Photo/Taicang Daily]

Another 47 key projects totaling 13.16 billion yuan, are to begin construction or start operations during the economic and trade month.