Companies Yatai Pump & Valve Co Ltd and Dongsheng Biotech (Taixing) Co Ltd, both located in Taixing city recently received a total of 4.08 million yuan ($557,773) in central financial funds.
Twenty-eight companies were recently recognized as key logistics enterprises in Jiangsu province in 2023, with one operating out of Taixing city included in the list.
More projects are advancing construction this year in Taixing city – administered by Taizhou city in Jiangsu province – to further shore up the local economy.
A tomoxetine hydrochloride oral product manufactured by Jumpcan Pharmaceutical recently got market approval for the treatment of attention deficit hyperactivity disorder.
A joint groundbreaking ceremony for a raft of major industrial projects for the third quarter was held in Taixing city – administered by Taizhou city, in East China's Jiangsu province – on Sept 9.
The mechanical and electrical industry in Taixing generated invoicing income of 34.93 billion yuan ($4.81 billion) in the first half of the year, a year-on-year increase of 17.2 percent.
