Xinqiao town reported that total fapiao, or industry tax invoices, came in at 5.63 billion yuan ($774.54 million) in the year to the end of May, a 4 percent year-on-year increase.
A new energy equipment and energy management system components industry cluster in Jingjiang – a county-level city in Taizhou city – was recently recognized.
Over a span of four decades, the company has reshaped the industry through innovations such as the R3 mooring chain series and the establishment of international standards for ship and marine technology mooring chains.