When choosing to establish operations in China, many companies will think about Shanghai, the business and financial center of China. But the reality is that Shanghai is over-developed, especially for factory installations. There are cheaper alternatives that still allow a company to take advantage of Shanghai’s resources and geographical location. One such place is TaiCang City which is just a 90 minute drive away.
Diaz Reus attorneys have serviced client interests in TaiCang and have negotiated with officials on several occasions. We have met with the TaiCang Bank of China branch President, the TaiCang Vice-Mayor (Sheng Lei), and officials at the Land Development Office and Port Development Zone. They are all accommodating and welcome all inquiries from foreign companies interested in investing in their city.
Taicang, located in the southeast of Jiangsu Province, borders the Yangtze River on the east and Shanghai on the south. It covers an area of 823 square kilometers, of which 649 square kilometers is zoned for factories and other industrial sites. Most investors in Taicang come from Germany, U.S.A, Japan, Korea and Hong Kong, who have contributed to the already USD5.1 billion of foreign investment in TaiCang.
The TaiCang Port has a 38.8 km-long deep water coast line, which allows for 4th and 5th generation container berths. It is identified by the Beijing Government as a main-line container terminal and the core port of the Shanghai International Shipping Center. As of 2008, 57 international and domestic sea-lanes have been opened.
For TaiCang inquires, contact our Diaz Reus – Shanghai attorneys at: