The Jinshang precision parts aggregation center project began construction in Dainan town, Xinghua — a county-level city in Taizhou, Jiangsu province — on March 31 with a total investment of 5.18 billion yuan ($752.61 million).
China unveiled the 2025 version of the Catalogue of Encouraged Industries for Foreign Investment,outlining key measures to attract and use foreign capital with greater efforts.
Five container-sized modules resembling trucks were recently spotted in Dainan town, Xinghua, housing golden-yellow fungus resembling chrysanthemums on shelf-like racks.
Focusing on the R&D and production of high-performance intelligent electronic and mechatronic products, such as harmonic reducers and servo motors, the project plans to construct an 80,000-square-meter facility.