Taizhou expands open economy through integrated industrial platforms

chinadaily.com.cn | Updated: 2025-12-23

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From January to October, the import and export value of Taizhou's integrated industrial platforms, which provide one-stop services across the industrial chain, reached 146.56 billion yuan ($20.85 billion), accounting for 62.7 percent of the city's total trade and marking a 20.5 percent increase year-on-year.

Exports reached 133.27 billion yuan, a 23.3 percent year-on-year increase, maintaining a steady rise in the province's share, while foreign investment reached $271.11 million, accounting for 98.8 percent of the city's total foreign investment.

Taizhou has also fostered several innovative business models, notably the Taizhou Comprehensive Bonded Zone, which has implemented bonded processing and cross-border e-commerce models. Meanwhile, the Luqiao Economic Development Zone has become a national pilot for the import of recycled metal materials, with platforms trading surpassing 26 billion yuan.

Taizhou organized more than 10 promotional events and participated in major trade fairs, including the Canton Fair and the China International Import Expo, with a focus on leading industries. Events such as United Nations procurement matchmaking sessions also strengthened industrial clusters, thereby increasing the platforms' capacity to attract high-end resources.

Taizhou will continue to enhance its open industrial platforms, integrating industrial, innovation, and capital chains to create a more resource-efficient and high-performing industrial ecosystem.