A Chinese county-level city packed with German enterprises

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A Chinese county-level city packed with German enterprises

STORY: A Chinese county-level city packed with German enterprises DATELINE: Oct. 19, 2023 LENGTH: 00:02:23 LOCATION: TAICANG, China CATEGORY: ECONOMY SHOTLIST: 1. various of Taicang 2. SOUNDBITE (English): ANDREAS HORNFISCHER, General manager of E.G.O. Components (China) Co., Ltd. 3. various of Taicang STORYLINE: Taicang in east China's Jiangsu Province, which boasts the presence of almost 500 German companies and German investments of more than 6 billion U.S. dollars, has earned the nickname "Little Germany." Beginning in the 1990s, the county-level city spent 14 years drawing its initial 100 German investors, but it only took about three years to increase the number to 400 from 2018's 300. Located less than 50 km from Shanghai, many German companies have eyed the logistics potential of Taicang. Besides, the Taicang Port also offers easier and cheaper logistics for companies to import and export raw materials and products. SOUNDBITE (English): ANDREAS HORNFISCHER, General manager of E.G.O. Components (

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