Jiangyan enterprises start their overseas trips to seek business opportunities. [Photo/mytaizhou.net]
Jiangyan district of Taizhou city in East China's Jiangsu is sparing no effort to attract more offshore investment as the country is optimizing its COVID-19 policies and measures.
A few days ago, a business delegation from casting parts manufacturer Taizhou Xinyu Precision Casting Co Ltd went to Thailand to investigate the market there.
"We intend to cooperate with enterprises in Thailand in terms of parts for new energy vehicles. And we want to map out a plan there in advance," said Shen Guoyong, deputy general manager of the company.
Jiangsu Bergdongjin Pipeline Equipment Co Ltd also recently sent about 80 staff members to Guangdong, Sichuan and other parts of China to promote its products, expand its business, and grab new orders.
This time round, the company signed the largest order in its history, reaching 32 million yuan ($4.60 million). Yang Guihua, its deputy general manager, is full of confidence regarding its prospects for development next year as China eyes the post-COVID era.
The commerce bureau of Jiangyan district will offer subsidies of up to 80 percent to enterprises participating in trade promotion projects organized by provincial and municipal commerce departments.
"We plan to organize enterprises to venture overseas to places like Japan and Europe to help foreign trade enterprises grab more orders and expand their markets," said Ding Xiaoyong, head of the foreign trade section of the commerce bureau.