Taicang, a small city in east China's Jiangsu Province, is rapidly becoming a magnet for German automotive entrepreneurs. This March, Jiang Xiaohua and Christopher Praetzas took the leap, moving into a talent apartment in Taicang to nurture both their family and their automotive technology start-up.
For Jiang, who has dedicated most of her career to automobile manufacturing, the Chinese market offers immense potential. \"Passenger car sales in China account for about a third of global sales, making it a massive market. With Chinese brands advancing towards high-end and smart vehicles, there's a significant opportunity here,\" she explained.
After spending three years in Germany, the couple relocated to China, immersing themselves in local markets and policies to better position their business. \"Taicang boasts a robust supply chain for the auto industry, including partnerships with established German companies,\" Jiang shared with China Media Group (CMG). \"Moreover, there are abundant resources and government support for start-ups, allowing us to operate swiftly. That's why we chose Taicang.\"
Since opening their factory last June, Jiang and Praetzas have found life in China increasingly convenient, thanks to recent measures that streamline work, residence, and payment processes for foreigners residing in the country.
Reference(s):
Investing in China: What makes Taicang a hot spot for German companies
cgtn.com
