The Taicang (Shanghai) Investment Summit for the year 2024 unfolded in Shanghai on Feb 23, attracting top executives and seasoned professionals from leading enterprises, equity investment firms, renowned think tanks, and industry associations.

At the event, Xu Huadong, mayor of Taicang, a city in Suzhou, Jiangsu province, highlighted the city's ongoing efforts in high-level international openness. Taicang has established economic and trade ties with over 160 countries and regions globally, attracting over 1,600 foreign-invested enterprises, according to Xu.

Xu also emphasized the rapid growth of Taicang's three core industries – high-end equipment, advanced materials, and modern logistics – along with the acceleration of its three distinctive sectors – aerospace, biopharmaceuticals, and cultural tourism. He welcomed more enterprises to invest and develop in Taicang.

According to official data, in 2023, the combined output of Taicang's four major industries – high-end equipment, advanced materials, aerospace, and biopharmaceuticals – accounted for 75.5 percent of the total industrial output.

The event also featured ceremonies marking the establishment of new European and United States' projects, the presentation of industry consulting advisory appointments for the year 2024, and commendations for outstanding project representatives contributing to Taicang's success in 2023.