In January, German company Beumer Group settled in Taicang, Jiangsu Province, marking the arrival of the 500th German enterprise in this eastern Chinese city.
At the inauguration ceremony held in the German state of North Rhine-Westphalia, Beumer CEO Rudolf Hausladen said the company has conducted very positive dialogues with Taicang and the local government is always responsive to their needs and supportive. “We are full of expectations for our development in the Chinese market, which possesses many growth opportunities,” said Hausladen.
The strip and wire provider Kern-Liebers, one of the first German businesses settled in Taicang, recalled its entry in 1993 with an investment of 500,000 German marks, only six employees, and a 400-square-meter factory house. Now it possesses 70,000 square meters of factories with an annual output value of 1.5 billion yuan (about 207.3 million U.S. dollars), accounting for the largest proportion of its global footprint.
Thirty-one years on, the Chinese “hometown of German enterprises” has growingly been the epitome of the economic and trade cooperation between China and Germany, witnessing a more open Chinese market sharing development dividends with the world.
https://english.news.cn/20240415/96a4a96eaa254dc889200647bbb70440/c.html