Jiangyin City signed contracts for 31 new projects with foreign companies valued at US$1.7 billion during its annual Symposium On Foreign Economic Cooperation.
The projects, agreed to on Monday, are in the steel, DVD and integrated circuit industries.
In the first half of the year, the Jiangsu Province city has attracted US$810 million in contracted foreign investment.
Firms from South Korea, Europe and the United States as well as China's Taiwan and Hong Kong have invested in the city.
Owens Corning and Kawasho Corporation also agreed to invest in the city.
Jiangyin's advantages include its convenient traffic facilities and investment environment.
Last year, the city spent 680 million yuan (US$81.93 million) on roads and 3.81 billion yuan on infrastructure.
Gross domestic product in the city reached 50.80 billion yuan in 2003, registering a growth of 21.10 percent year on year.