In recent years, Changzhou actively implemented the Regulations on Protecting and Promoting Taiwan Compatriots' Investment in Jiangsu Province, which effectively promoted the expansion, innovation, transformation, and sustained development of Taiwanese investment in Changzhou.
Changzhou Kwang Yang Motor Co Ltd. was one of the first Taiwanese-funded enterprises to invest in Changzhou, mainly producing high-end motorcycles and lawn mowers. Its sales reached 900 million yuan in 2017. At present, the company is building a new plant and is expected to complete the relocation in the second half of the year.
In 2017, 16 Taiwanese companies such as Lite-On Technology, Jiangsu Gangrui, VARROC TYC Auto Lamps and Yong Qi (China) Bicycle, with a total investment of 334 million yuan in technological innovation and equipment purchase. Thanks to the large investment in technological innovation, VARROC TYC Auto Lamps has continuously launched high-tech new products. Its sales reached 623 million yuan last year.
As of the end of 2017, 1,322 Taiwan-funded enterprises have successfully registered in Changzhou, with a total investment of 10.106 billion U.S. dollars, including 268 projects with investment of over 10 million dollars each. 26 new Taiwan-funded enterprises were established last year, an increase of 62.5%. The total investment was 727 million, an increase of 99.8%. The registered Taiwanese capital reached 346 million, an increase of 115.1%, including three projects with investment of over 100 million each.
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