After more than 30 years of development, Taizhou has already built an industrial system featuring regional characteristics and agglomeration, produced some brand products with strong market competitiveness and established a group of modern industry clusters with outstanding industrial advantages. Taizhou has become an important advanced manufacturing base in China and is attracting more and more investors from home and abroad.
In 2017, Taizhou achieved an industrial added value of 168.441 billion yuan ($ 24.27 billion), an increase of 10.8 percent over the previous year based on comparable prices. There were 3,706 industrial companies with a main income of over 20 million yuan. These companies contributed 100.762 billion of industrial added value in 2017, up by 11.6 percent over the previous year.
Over the next five years, Taizhou will conform to the information and industrialization, manufacturing and service in-depth integration, and aim to develop the Taizhou "5+5" industry structure. Specifically, Taizhou will focus on building five leading industry pillars with the value of each reaching hundred billion yuan, including the transport, healthcare, mechanical and electrical equipment, modern home, and energy and resource regeneration sectors. Taizhou will nurture five emerging industry pillars with an individual value amounting to ten billion yuan, including high-end equipment, electronic information, fashion and creativity, new materials and industrial services.