Taizhou in Jiangsu has faced challenges with insufficient local innovation resources and retaining high-level talent.

The city of Taizhou is pushing hard to promote its circular economy, which repurposes and recycles previously junked used or obsolete resources in an eco-friendly economic growth strategy.

​The newly opened KFC outlet in the Taishangli commercial plaza on July 9 received the city's first food business license under the new "notification commitment" system for food chain companies.

​The Taizhou municipal data bureau has recently rolled out the use of remote virtual windows in government service centers across all the areas administered by the city.

Taizhou city signed up 135 new projects in the period January to May, each with an investment of 500 million yuan or more and with a total agreed investment of 160.61 billion yuan.

​Taizhou Customs recently reported that the city's foreign trade volume hit a record 69.3 billion yuan ($9.54 billion) from January to May – a 27.5 percent year-on-year increase that ranked it third in East China's Jiangsu province.

​The customs office in Taizhou city has over the past year waived over 20 million yuan ($2.76 million) in fines imposed on 18 companies, in a bid to business activity in the area.

The offices of shipbuilder Yangzijiang Shipbuilding Holdings Co Ltd, based in Jingjiang city, have been abuzz in recent days with positive news.