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Province News

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China-Singapore Suzhou Industrial Park attracts 5,000 foreign-funded companies

April 15, 2019


Abstract : China-Singapore Suzhou Industrial Park has attracted about 5,000 foreign companies since it was established in 1994, according to a meeting celebrating the 25 anniversary of the park in eastern China's Jiangsu Province on Friday.

NANJING, April 12 (Xinhua) -- China-Singapore Suzhou Industrial Park has attracted about 5,000 foreign companies since it was established in 1994, according to a meeting celebrating the 25 anniversary of the park in eastern China's Jiangsu Province on Friday.

The park has actually received foreign investment worth of 31.5 billion U.S. dollars, created more than 800 billion yuan (119 billion U.S. dollars) in tax revenue and realized a total import and export volume of over one trillion U.S. dollars over the past 25 years.

Nearly 5,000 foreign-funded enterprises from more than 70 countries and regions have registered and operated in the industrial park, and more than 500 enterprises from home and abroad have set up research and development centers in the park.

Suzhou Industrial Park has supported 309 Chinese enterprises to invest in 53 countries and regions, and participated in the establishment of 12 sino-foreign industrial parks, playing a pioneering role in the Belt and Road Initiative and the integration of the Yangtze River Delta.

Zhou Naixiang, Communist Party chief of Suzhou city, said the industrial park has continuously boosted the cooperation between China and Singapore. So far, more than 350 Singapore enterprises have participated in the construction and development of the industrial park.


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