Building on effective containment of the COVID-19 epidemic and measures to stabilize foreign investment, foreign direct investment (FDI) in Changzhou, in actual use, reached 2.878 billion U.S. dollars in 2020, ranking fourth in Jiangsu province, official data showed. 

Sixty foreign investment projects were signed in Changzhou each with a contracted value of over 30 million U.S. dollars.

Sateri, a business division of the Royal Golden Eagle Group (RGE), established its Changzhou branch in Liyang with a total investment of 1.57 billion U.S. dollars.

Siemens Gas and Power Holding B.V. has set up a new plant in the city. ThyssenKrupp, SK IE Technology and Sumitomo Electric have increased their investment in Changzhou.

Within the manufacturing sector, new generation of information technology (NGIT), new materials, intelligent equipment and auto parts industries are the largest recipients of FDI.

Despite the uncertainties brought by the COVID-19 pandemic, Changzhou has been striving for high-quality opening-up through optimizing the structure of foreign investment, as well as improving the business environment.

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