[cs_content _p=’8320′][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]Jiangyin, a city in east China’s Jiangsu Province, continues to shine as a leading hub for foreign investment. After reaching a 20-year high in foreign investment last year, the city recorded an impressive $1.16 billion in foreign investment between January and August 2024, showcasing its ability to attract global capital, particularly in strategically emerging industries such as integrated circuits, new energy, high-end equipment, and bio-pharmaceuticals.
Thriving Foreign Investment and Emerging Industries
A significant portion of Jiangyin’s foreign investment has come from both new and existing foreign investors. The city saw 44 new foreign-invested projects in the first eight months of the year, further strengthening its industrial landscape.
Among these projects is the Trustchip Korea investment, announced in August. Trustchip Korea is building its Jiangyin headquarters and a semiconductor equipment assembly and production base. Once operational, this base is expected to generate 350 million yuan in annual sales. The project’s second phase includes plans to construct the China-Korea chip valley industrial park, featuring a semiconductor module packaging and wafer factory for the automotive industry.
This collaboration between Jiangyin City and South Korea highlights the vibrancy of the integrated circuit industry in the region, contributing to its burgeoning status as a leader in high-tech manufacturing.
Established Investors Increasing Their Stakes
Long-standing foreign enterprises in Jiangyin, often referred to as “old friends,” are also expanding their investments. Alfa Laval (Jiangyin) Equipment Manufacturing Co., Ltd., which has been operating in China for 30 years, recently reinvested $10 million of profits in early 2024 and plans to further increase its investment by another $10 million next year.
Other global companies, including Unilever and EDF, have also launched new investment initiatives in Jiangyin this year, further solidifying the city’s position as a top destination for foreign capital.
Business-Friendly Environment Fuels Growth
Jiangyin’s success in attracting foreign investment is driven by its continuous efforts to create a business-friendly environment. The city’s 3-year action plan to attract foreign-funded enterprises’ regional headquarters offers substantial incentives for investment expansion, R&D innovation, and profits-based reinvestment. Additionally, the city provides a supportive environment for foreign enterprises and expatriates with policies that cover six essential areas, including entry and exit procedures, payment systems, living and working arrangements, and education and healthcare services.
These policies have turned Jiangyin into a model city for global enterprises looking to expand in China, offering not only attractive business opportunities but also a high quality of life for foreign employees.
Strategic Outlook for Jiangyin
As foreign investment in Jiangyin continues to grow, the city is emerging as a strategic hub for high-tech industries and global collaboration. With its business-friendly policies and commitment to innovation, Jiangyin is poised to maintain its leadership in attracting foreign capital and driving technological advancements in China.\n\n[/cs_content_seo][/cs_element_layout_column][/cs_element_layout_row][/cs_element_section][/cs_content]
