Taicang demonstrates strong investment competitiveness

Taicang recently secured sixth place on the "2024 Top 100 Counties for Investment Competitiveness" list unveiled by CCID Consulting's county economy research center, demonstrating its strong investment competitiveness.

An aerial view of Taicang. [Photo/WeChat account: tcfbgw]

In the first 11 months of this year, Taicang's industrial investment increased by 20.2 percent year-on-year, ranking first in growth rate among Suzhou’s sectors.

Taicang has already invested 29.61 billion yuan ($4.06 billion) in major construction projects, 108.6 percent of its annual target.

The city’s foreign trade reached 110.69 billion yuan, up 12.3 percent year-on-year and leading Suzhou.

On Dec 26, the complete pilot section of the Shanghai-Suzhou-Wuxi-Changzhou intercity railway in Taicang commenced construction and the annual container throughput of Suzhou Port exceeded 10 million twenty-foot equivalent units (TEUs).

Suzhou Port celebrates its container throughput reaching 10 million TEUs in 2024. [Photo/WeChat account: tcfbgw]

Furthermore, Taicang boasts thriving industrial clusters, including high-end equipment, advanced materials, modern logistics and trade, biomedicine, and cultural tourism, further enhancing its competitive edge.