A new initiative was recently launched in China to assist Israeli and other foreign companies to compete with local Chinese companies inside the domestic market and in the global arena. It is spearheaded by PTL group, which is a group of Chinese and foreign managed companies that specialise in providing management solutions for developing industrial activity in China.

The Industrial Division of PTL Group has established the Changzhou Industrial Incubation Initiative (CI3), a tailor made production and assembly facility.

CI3 comprises a 13,000 square metre industrial zone to facilitate both Israeli and foreign companies anxious to start business in China.

Changzhou is approximately 45 minutes travel time from Shanghai and considered an attractive town for joint ventures. The Incubator is designed for middle- size companies involved in global operations, and seeking to penetrate the Chinese market.