Suzhou - Industry

Industry

  • Suzhou Industrial Park

The Suzhou Industrial Park (SIP) is the largest cooperative project between the Chinese and Singaporean governments. It is located beside Jinji Lake, which lies to the east of the Suzhou Old City. On 26 February 1994, Vice Premier Li Lanqing and Senior Minister Lee Kuan Yew represented China and Singapore respectively in signing the Agreement to jointly develop Suzhou Industrial Park. The project officially commenced on 12 May in the same year. SIP has a total jurisdiction area of 288 km2, of which, the China-Singapore cooperation area covers 80 km2 with a planned residential population of 1.2 million.

  • Suzhou Industrial Park Export Processing Zone

The Suzhou Industrial Park Export Processing Zone was approved to be established by the government in April 2000, with a planning area of 2.9 km2. It is located in Suzhou Industrial Park set up by China and Singapore. Inside the Export Processing Zone, all the infrastructures are of high-standard. With the information platform and electronic methods, all the customs declaration and other procedures can be handled on line. Investors can enjoy many preferential policies.

  • Suzhou New District

The Suzhou New District was established in 1990. In November 1992, the zone was approved to be the national-level hi-tech industrial zone. By the end of 2007, foreign-invested companies had a total registered capital worth of USD 13 billion, of which USD 6.8 billion was paid in. SND hosts now more than 1,500 foreign companies. Some 40 Fortune 500 companies set up 67 projects in the district.

As of September 2012, Suzhou is the largest industrial city in China.

Read more about this topic:  Suzhou

Famous quotes containing the word industry:

    “No delusion is greater than the notion that method and industry can make up for lack of mother-wit, either in science or in practical life.”
    —Thomas Henry Huxley (1825–95)

    “My plan of instruction is extremely simple and limited. They learn, on week-days, such coarse works as may fit them for servants. I allow of no writing for the poor. My object is not to make fanatics, but to train up the lower classes in habits of industry and piety.”
    —Hannah More (1745–1833)

    “Bankers, nepotists, contracts and talkies: on four fingers one may count the leeches which have sucked a young and vigorous industry into paresis.”
    —Dalton Trumbo (1905–1976)