Taizhou's foreign investment growth ranks 2nd in Jiangsu

A workshop belonging to a foreign enterprise in Taizhou, Jiangsu. [Photo/ourjiangsu.com]

In 2024, Taizhou recorded actual foreign investment of $1.003 billion, a 7.9 percent year-on-year increase, ranking second in Jiangsu province in growth rate.

A significant portion of this investment came from reinvested profits, totaling $530 million—51.5 percent of the city's total foreign investment and up 22.1 percentage points from 2023. Nineteen foreign enterprises, including Aurovitas Pharma, reinvested their profits in Taizhou. 

Taizhou's innovative strategies to attract foreign capital have also gained attention. The city introduced pilot measures for foreign-invested equity investment enterprises, supporting implementing the Qualified Foreign Limited Partner (QFLP) program. So far, five QFLP enterprises have been established in Taizhou, raising nearly 1 billion yuan ($137.49 million) in overseas funds, further facilitating cross-border capital flows.

Focusing on its key industrial clusters, the Taizhou bureau of commerce has actively organized investment promotion events targeting Fortune Global 500 companies and industry leaders. With a strategic focus on key cities like Beijing, Shanghai, and Shenzhen, Taizhou has hosted industry matchmaking meetings, innovation forums, and investment promotion weeks to strengthen and expand its industrial chains. 

In 2024, Taizhou signed 453 new projects each with investments exceeding 500 million yuan or $30 million, a 31.68 percent increase from the previous year. These projects are related to L4 autonomous logistics vehicles, intelligent connected vehicle components, and solid chemical drug formulations.