Changzhou ranked among the top 10 cities in China by GDP per Capital for the third year (FOTO)

Changzhou (ots) - On January 17th, 2020 the Chinese National Bureau of
Statistics announced the economic data for 2019. According to this report, the
City of Changzhou in Jiangsu Province ranked among the top 10 cities in China by
GDP per Capital for the third year.

Located in the center of the Yangtze River delta, Changzhou was the birthplace
of the modern Chinese industry in the later 19th Century. The industrial gene
and trade tradition made Changzhou being the very first cities to start the
private economy in the early 1980s in China. The quite but diligent work in the
last 40 years paid off well. Changzhou's GDP reached over 107,8 billion US
Dollars and the GDP per Capital over 23,000 US Dollars in 2019.

The City of Changzhou distinguishes itself from its globally well-known
neighbors Suzhou and Wuxi, with a strong focus on strengthening private
companies. Changzhou has over 200 local companies listed as "the Hidden
Champions" in China, which lead the most market share in respective markets
nationwide. Many of them are even leading players in the global market, like
Trina Solar, Hengli Hydraulic, and Shangshang Cable.

Changzhou's market-economy policy also attracts foreign companies to set up
branches there. By the end of 2019, there are over 4000 foreign companies in
Changzhou, ranging from multinational corporates to young startups.

To advance the economic development sustainably, Changzhou made its focus on
high-tech and innovative industrial solutions in areas including robotics, new
energy technologies, advanced material technologies, and bio and medical
technologies.

Changzhou has set up cooperation with many technologically leading countries
like Germany, Israel, and Japan. For example, there are 159 German companies set
up branches in Changzhou, including Fortune Global 500 companies like Bosch and
ThyssenKrupp.

Besides the robust economy, Changzhou offers other charming factors for
investors and employees. The real estate price is relatively moderate in
comparison to the other developed cities in the region. The city has numerous
parks at almost every corner. The secondary school and vocational education
institutions in Changzhou enjoy an outstanding reputation historically in China.

With its pragmatic and open local policy towards the private economy and
sustainable development, the City of Changzhou is optimistic about having more
international investors in the coming year.

Website: http://www.changzhou.gov.cn/

Contact:

Mrs. Xue Jing
Tel: 0086-519-85680815

Email:czwgzx@changzhou.gov.cn

Additional content: https://www.presseportal.de/pm/140681/4500464
OTS: Information Office of Changzhou Government

Original-Content von: Information Office of Changzhou Government, übermittelt durch news aktuell