Advanced Search

The story appears on

Page S4-5

November 5, 2019

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » City specials » Suzhou

Major engine to boost internationalization

By Li Xinran | 00:05 UTC+8 November 5, 2019 | Print Edition

SUZHOU Industrial Park has become a test ground of China’s reform and opening-up, a model of international cooperation and a major engine for the internationalization of Suzhou.

Suzhou Industrial Park is the first development zone in China that was established on the basis of cooperation between China and Singapore. Additionally, the Kunshan Economic and Technological Development Zone in Suzhou is the first self-funded development zone in China.

Zhangjiagang Bonded Port Area is the first inland free trade port in China. Kunshan Export Processing Zone is the first export processing zone in China, and the comprehensive bonded area of Suzhou Industrial Park is the first comprehensive bonded area in China.

Development zones have become a high ground of economic development. At present, Suzhou has 14 development zones at state level, playing a leading role throughout the country.

In the latest assessment and evaluation of the development level of national economic and technological development zones, Suzhou Industrial Park continues to rank first in China. It is the third time in three consecutive years since 2016.

The development zones have become an important support for Suzhou’s economic development. The gross domestic product of Suzhou’s 17 development zones above provincial level reached 1.32 trillion yuan (US$187.44 billion) last year, a year-on-year increase of 10 percent, accounting for 71.35 percent of the city’s GDP.

The export and import of the 17 development zones totaled 328.87 billion yuan during the same period, an increase of 17.23 percent from a year earlier, accounting for 92.88 percent of the city’s foreign trade.

Development zones clustered a variety of resources. At present, the Suzhou’s development zones house nearly 10,000 foreign-funded enterprises, including more than 60 percent of the city’s trading firms.

More than 290 regional headquarters of multinational conglomerates and more than 400 projects carried out by 151 Global Fortune 500 enterprises in Suzhou were in the development zones. Suzhou also cooperated with or assisted local authorities in northern Jiangsu Province, Anhui Province, the Xinjiang Uygur Autonomous Region and the Tibet Autonomous Region to build 24 development zones and deeply integrated in the fulfillment of the Belt and Road Initiative.

Five scheduled trains linking Suzhou, Manzhouli and Europe channel Suzhou’s contribution to the initiative while China-Singapore Suzhou Industrial Park Development Group Co participates in the development and construction of overseas economic and trade cooperation zones in Karawang, Indonesia, Myanmar and other places.

Suzhou


 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend