German-invested projects totaling 188 mln euros inked in China's Jiangsu

A staff member works in a primary packaging workshop at Bayer HealthCare Company Limited Qidong Branch in Qidong, east China's Jiangsu Province, Dec. 2, 2020. (Xinhua/Zhang Yuwei)

NANJING, July 7 (Xinhua) -- German-invested projects worth a total of 188 million euros (about 192 million U.S. dollars) were inked on Thursday at a conference in Changzhou, east China's Jiangsu Province.

Ten projects were signed at the Jiangsu-Germany Dialogue 2022, involving medicine, smart electric vehicles, equipment manufacturing and new materials. An incubation center for German firms was launched in the Sino-German (Changzhou) Innovation Industrial Park.

By the end of 2021, 234 German enterprises had made footprints in the city and brought a total investment of approximately 1.1 billion U.S. dollars.

The partnership brings further opportunities for China-Germany cooperation and China-EU cooperation, according to Shi Mingde, president of the China-Germany Friendship Association.