Zhuzhou Taiwan-funded Enterprise Association Established

The event Taiwan-based Hunan Descendants Travel to Hunan kicked off in Zhuzhou on December 9, and the Zhuzhou Taiwan-funded Enterprise Association was set up on the same day, marking the birth of the 3rd prefecture-level association of enterprises funded by Taiwan compatriots in Hunan.

At present, Zhuzhou City has established economic and trade ties with many countries and regions. Joint ventures, enterprises jointly managed by China and foreign countries as well as foreign-funded enterprises, in particular Taiwan-funded enterprises enjoy rapid development in the city, representing a new economic growth point.

Since the settlement of the first Taiwan-funded enterprise in Zhuzhou in 1989, the number of Taiwan-invested enterprises across the city increases constantly. Up till the end of this October, 122 Taiwan-funded enterprises have registered in the city. The newly-founded organization will help to tackle difficulties and problems of its member enterprises during their investment and operation, and boost economic exchanges and cooperation between Zhuzhou and Taiwan.

At the inaugural meeting, the participating Taiwan businessmen signed 4 investment contracts with Zhuzhou, with the capital reaching 820 million yuan.

Source: <http://www.enghunan.gov.cn/>