A good business environment and strong economic strength make Jiangsu the primary choice for attracting Taiwan-funded enterprises to take root and seek development. In the past decade, Taiwanese enterprises in Jiangsu have achieved considerable development in terms of quantity, scale and quality. As of the end of July, Jiangsu has ranked foremost for 18 consecutive years in the total amount of Taiwanese capital attracted and utilized.
In April, Itech Electronics (Nanjing) Co., Ltd.,a Taiwan-funded enterprise, launched a new type of power grid simulator independently developed for mass production.
Compared with similar products in Europe and the United States, this power grid simulator has sold 2,000 units in less than half a year, with orders from 30 cities in China and more than 20 countries around the world with its obvious performance advantages.
Zhang Shunlong, General Manager of Itech Electronics (Nanjing) Co., Ltd.
At present, Itech Electronics has grown into a national-level specialized, sophisticated and novel little giant enterprise, with more than 900 patented products by marketing at least 3-6 new product series every year.
Yangzhou Hongyang Technology Co., Ltd., a Taiwan-funded enterprise, started in 2013 to transform the factory's human production line into an intelligent fully automatic production line.
With the support of the local government, after 10 years of development, the company now has 230 sets of automation equipment that has increased the production efficiency by 20 times. The company has 192 patents and was rated as a national high-tech enterprise. In 2021, the company registered an operating income of 430 million yuan.
Since the 1980s, Jiangsu has introduced a series of effective measures to implement the same treatment for Taiwan compatriots and Taiwan enterprises, assist Taiwan compatriots in starting businesses and employment, provide tax incentives, financing convenience and financial support for Taiwan enterprises, and encourage and guide more Taiwanese enterprises to increase capital and expand production.
On September 1, the "Jiangsu Province-Taiwan Economic and Cultural Exchange and Cooperation Promotion Regulations" came into effect, hoping to give Taiwan compatriots more equal treatment in education, employment, health, and social security, which has enhanced Taiwan compatriots' confidence in the peaceful development of cross-strait relations.
