By Michael Keller
Apr. 24 – An opening and project signing ceremony was held at Suzhou’s Xiangcheng District on January 11 in which 16 projects were allocated to different firms – 8 domestic and 8 foreign – with total investment amounting to RMB7.7 billion.
Twelve of these projects are in the categories of either advanced manufacturing (precision machinery, electronic equipment components) or emerging sectors (new materials, environmental protection). Among the firms included were PolyOne, Evans, Digital Innovation Display, and Doony.
Ma Minglong, party working committee secretary for the Suzhou Industrial Park, stated during the ceremony that this opportunity will be used to transform the relatively loose resources and land advantage of Xiangcheng District into late-development advantages conducive to scientific development.
Xiangcheng District covers an area of approximately 50 square kilometers with the Caohu Industrial Park at its center. It is located in the northern part of Suzhou and borders the Suzhou Industrial Park to the southeast and the Suzhou New District in the southwest. Wuzhong is another development zone in the south of Suzhou which is separated from Xiangcheng District by the old city center. A brief overview of Suzhou’s development zones and their most important parameters can be found in the table below.
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Suzhou City Guide
Asia Briefing’s City Guide on Suzhou is designed for the investor seeking a general overview of one of China’s most prosperous and beautiful cities. With the support of the government, Suzhou’s economic development has continued to grow. Only 45 minutes away from Shanghai by train, the “Venice of the East” is an attractive alternative for foreign investors trying to find cheaper manufacturing, land and labor costs. As Suzhou continues to feed off Shanghai’s growth, the wisdom of planning Suzhou’s economy around Shanghai’s becomes increasingly apparent to future investors in the region.
The Yangtze River Delta: Business Guide to the Shanghai Region (Fourth Edition)
This guide takes a practical, city-focused approach, walking you through the economy of important cities in the region with a level of specificity available through few other English sources. Its pages overview the region from a business standpoint, examine the economy of the region’s provinces and prominent cities in depth, and introduce the basics of establishing a business in the region.
Understanding Development Zones in China
MOFCOM Ranks China’s Top Development Zones
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