Taicang Port in East China's Jiangsu province. [Photo provided to chinadaily.com.cn]

Established in November 1993, Taicang Port Economic and Technological Development Area was rated as a national economic zone in 2011 and a comprehensive bonded zone in 2013.

The 166-square-kilometer area is currently home to 26 Fortune Global 500 corporations that have established 40 projects with a combined investment of 54 billion yuan ($7.84 billion).

A total of 23 State-owned enterprises set up 39 projects, with a combined investment of 45 billion yuan, while 32 European and American enterprises launched 38 projects, with a combined investment of 22 billion yuan, in the area.

The area has established an industrial system that covers high-end equipment, advanced materials, healthcare, as well as modern logistics and trade, with the world's largest container manufacturing base, Asia's largest advanced lubricant manufacturing base, the largest self-care items manufacturing base in east China, and the largest electric power generation base along the Yangtze River.

In addition, the area is speeding up the development of its new-generation information technology and aerospace sectors.