Nicole Glanemann, a representative from the German Federal Ministry for Economic Affairs and Energy, speaks at the signing ceremony in Taicang, Jiangsu province, on June 25. [Photo/taicangdaily.com]

Twenty Germany-funded projects worth 5.68 billion yuan ($880 million) were signed in Taicang, East China's Jiangsu province, on June 25.

The projects involve high-end equipment, new materials for the aviation industry, digital economy, as well as environmental protection.

During the signing ceremony, an agreement on building the China-Germany (Taicang) Green and Low-Carbon Cooperation Park was also signed. 

According to this agreement, the Taicang High-Tech Industrial Development Zone will partner with the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH, an international cooperation service provider, to set up an online group that promotes the sharing of resources and reduction of emissions and costs.

The Berlin-Taicang Innovation Center is unveiled at the ceremony on June 25. [Photo/taicangdaily.com]

A three-year plan for Taicang High-Tech Industrial Development Zone to deepen cooperation with Germany was also announced at the ceremony. The city is aiming to attract more than 80 new German companies within three years, bringing the total number of German firms in the zone to at least 420 by the end of 2023.