GLOBALink | Why China's Taicang magnet for German enterprises

Source: Xinhua News Agency     Updated: 2022-11-23 14:53:06
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NANJING, Nov. 22 (Xinhua) -- In the Taicang Future Factory of CHIRON Group in east China's Jiangsu Province, rows of white "boxes" are automatically processing mechanical parts and components.

This is CHIRON's newly developed world-leading 5-axis Vertical Processing Center, about three times faster than that of conventional machine tools.

Taicang, a county-level city around 50 kilometers from the center of Shanghai, is dubbed the "hometown of German enterprises" in China.

The small city gathers about 400 German firms including Schaeffler and Brose, which achieved sales revenue of 44.8 billion yuan (about 6.7 billion U.S. dollars) last year, a year-on-year increase of 87.7 percent.

Produced by Xinhua Global Service