The railway project of China government brings more business chances for Gem-Year Industrial Co., Ltd. The related department in Jiashan told the reporter that Germ-Year paid 136.4 Million RMN Tax in last year, becoming the fist enterprises over 100 million RMB annual tax in Jiashan.
Under global financial crisis and trade protectionism, Germ-Year meets unprecedented challenge. Facing declining demand in international market and severe competition in domestic market, China government enhances investment in the railway infrastructure .Germ-Year seizes the chance to focus on developing and manufacturing all kinds of accessories for railway project. In 2009, Gem Year achieves a record turnover of 1.078 billion.
