In the beginning of this year, Changzhou’s eight overseas investment projects have been approved with Chinese investment amount of USD 240 million, an increase of 300% and 298.03% over the same period respectively.

In recent years, in order to overcome the international financial crisis, break the trade barriers, and expand the overseas sales share of products, a large number of private enterprises in Changzhou have taken direct overseas mergers and acquisitions, opened factories, set stations and expanded the marketing network to increase market share and enhance the ability to resist risks.

According to statistics, among the eight newly approved projects, there are five private enterprise projects with the Chinese investment amount of USD 91.8 million, increased by 50.49%. Among them, Jiangsu Jinsheng Industry Co., Ltd. invested 100 million euros to successfully purchase the 50% share of Germany EMAG Group, the world's leading machine tool manufacturer.

In addition, Changzhou Xingyi Investment and Management Co., Ltd. invested USD 28 million to purchase Germany Odelo Co., ltd., which is mainly specialized in manufacturing the high-end automobile taillights for Audi, Mercedes-Benz , BMW, Volkswagen, Porsche and other luxury brand vehicles. After the acquisition, China will become one of the suppliers of luxury automobiles lamps, which is currently occupied by the multinational enterprises.

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