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On May 18th, Changshu City in Jiangsu Province hosted a major investment promotion event for its Auto Parts Industrial Park. Representatives from nearly 100 automotive companies, including General Motors, Toyota from Japan, and Volkswagen from Germany, visited the site and expressed strong confidence in Changshu's business environment. As a result, ten companies immediately signed memorandums of understanding to invest in auto parts manufacturing.
Situated at the heart of the Yangtze River Delta, Changshu has grown into a modern port industrial city. Since the new century, its industrial economy has consistently expanded at an annual rate of 20%, with both GNP and fiscal revenue growing by over 15% on average each year. In 2005, the city's gross national product reached 67.88 billion yuan, and per capita GDP surpassed 8,000 U.S. dollars. Over the past few years, Changshu has focused on developing a precision machinery industry driven by advanced manufacturing technologies, as part of its broader economic restructuring.
Leveraging the Changshu International Auto Parts City—the largest auto parts market in East China—Changshu has successfully attracted and nurtured more than 300 auto parts manufacturers, forming a strong and competitive industrial chain. The city is now positioning itself as a key player in the global automotive supply chain.
The Changshu Auto Parts Industrial Park, located within the Southeast Economic Development Zone, covers a planned area of 2 square kilometers. Guided by the principles of industrial clustering, enterprise grouping, and land intensification, the park focuses on attracting high-tech and high-value-added auto parts enterprises. It aims to become a specialized hub integrating research and development, production, and sales of auto components. Currently, 54 auto parts manufacturers have already established operations in the park, with a total investment of 1.2 billion U.S. dollars. This continued growth underscores Changshu’s strong appeal as a destination for automotive investment and innovation.