German companies finding warm welcome in Chinese city of Taicang
China Daily Global | Updated: 2022-12-14 18:25
Taicang is not only convenient for travelers but is also an important cargo logistics hub on the China-Europe Railway Express that is a key connection between China and the rest of the world.
In 1993, the first German company — Kern-Liebers — settled down in the Taicang High-Tech Industrial Development Zone. Since then, more and more German enterprises have found homes there.
The German traits of precision and trustworthiness in business, and German companies' quest for perfection match the city's spirit of "delicacy, harmony, pragmatism, and innovation".
The two sides have brought out the best in each other.
After years of developing, Taicang has become one of the regions in China with the most intensive German investment. And the county-level city is considered one of the best areas in China for German companies to find success.
Today, Taicang is home to more than 460 German-funded companies, including 60 large corporations — such as Schaeffler, Trumpf, and Brose — involved in sectors including auto parts, aviation, and high-end equipment manufacturing.
And the presence of German companies has offered business opportunities to Taicang's local companies as well, with more than 600 of the city's enterprises engaging in in-depth cooperation with German companies in areas including capital, talent, research and development, and sales.