China-Singapore Suzhou Industrial Park (Including Suzhou Industrial Park Export Processing Zone)

    Rating     AAA
    Year of Establishment     Suzhou IP: 1994
Suzhou IP EPZ: 2003
    Land Area     288 km2
(including 80 km2 co-developed by the governments of China and Singapore)
    Location     Suzhou, Jiangsu
    GDP     RMB 190 billion, 9.4% up
    FDI     US$79.5 billion, 3.3% up
    Utilized FDI     US$1.96 billion, 1.3% up
    Major Investors     Philips, Nokia, Isola, Samsung, Hitachi, Fujitsu, Daimler Chrysler, Honeywell, BP, ZF, Total, Danone, Mitsubishi, Carrefour, Bosch, BASF, Johnson and Johnson
    Major Industies Encouraged     electronics, mechanical-electronic integration, pharmaceuticals, fine chemicals, precision engineering, new materials
Source: Administrative Committee of China-Singapore Suzhou Industrial Park

China-Singapore Suzhou Industrial Park (Suzhou IP) was built in Suzhou in 1994.The core district, covering an area of 80 sq km, was developed jointly by the Chinese and Singaporean governments.

The park lies only 6 km from the city center. Suzhou itself is about 80 km from Shanghai Hongqiao Airport, 120 km from Shanghai Pudong International Airport and 200 km from Nanjing Airport. The Beijing-Shanghai Railway goes through the city. The Beijing- Shanghai Express Railway shorten the drive from Shanghai to Suzhou to 20 minutes.

The park is also accessible by water. The Beijing-Hangzhou Grand Canal, the longest manmade canal in the world, goes through Suzhou and connects the city with Hangzhou. Shanghai Port, the largest port in China by container traffic in 2012, lies only 100 km away. Suzhou Port, consisting of Zhangjiagang Port, Taichang Port and Changshu Port, was the 5th largest port in China in terms of cargo traffic in 2012.

There are 18 universities in Suzhou, including Suzhou University and Suzhou Technology University. To meet the demand for skilled workers, Suzhou IP has set up its own training center, the Institute of Vocational Technology. The Institute has fully adopted the educational techniques of Singapore’s Nanyang Polytechnic.

Investment Climate
Developed jointly with Singapore, Suzhou IP is infused with the Singaporean management style. Under the master plan, it is free to adapt or adopt the urban township concept and management practices of Singapore and other countries. It is the only project in China that involves borrowing of such a nature. Planning, investment promotion and public administrative policy are all geared towards creating a pro-business environment.

Suzhou IP consists of the Suzhou Export Processing Zone, a biotech and nanotech park and an international sci-tech park. The park encourages the development of electronics, mechanical-electronic integration, pharmaceuticals, fine chemicals, precision engineering and new materials.

In 2012, GDP of the park grew 10.7% from the previous year to RMB 173.8 billion, accounting for 14.47% of Suzhou’s total. It ranked third among the state-level economic and technological development zones in China, after Guangzhou Development District and Tianjin Economic-Technological Development Area (TEDA).

In part because it is one of China’s manufacturing hubs for LCD panels and ICs, the output value of the IT and IC industries in the park contributed nearly 3% and 16% of China’s total IT and IC value in 2008, respectively. Shenzhen Kaifa Technology, which specializes in electronics manufacturing, invested RMB 200 million in a production line for hardware and notebooks. In 2012, the park’s output value from emerging industry reached RMB 202 billion, 10% more than it realized in 2011. In 2013, the GDP hit RMB 190 billion, utilised FDI hit US$1.96 billion, the import and export value reached US$80.46 billion.

In 2012 the park’s import and export value hit US$79.5 billion, up 3.3% from a year earlier. The fixed assets investment for 2012 increased 11.1% year on year to RMB 74 billion.

By the end of 2012, more than 86 Fortune 500 enterprises had put money into 145 projects in Suzhou IP. The park has attracted companies including Siemens, Nokia, Fujitsu, Mitsubishi, Samsung, Daimler Chrysler, BP and ZF. In 2011, the utilized FDI in the park topped US$1.94 billion, accounting for more than 21.72% of Suzhou’s total. The utilized FDI of the park ranked third among the state-level economic and technological development zones in China, after Tianjin Economic-Technological Development Area (TEDA) and Dalian Economic & Technological Development Zone.

Investment Cost
Winning Edge and Limitation
Winning Edge
  • The park embraces a flexible and open management style. Singapore’s government has contributed valuable experience and modern methods to the park’s development
  • The park can draw on a large pool of skilled workers
  • The geographical location is good
  • The economic base is strong. Jiangsu has the largest economy in the Yangtze River Delta, and Suzhou has the largest economy in Jiangsu
  • The park is strong in high-tech industries
  • The park invests heavily in research and development. About 3% of the GDP from the park is directed into R&D

  • Labor and land costs are high
  • The park faces strong competition from Shanghai and Hangzhou

Address: Modern Building, No.999 Modern Boulevard, Suzhou Industrial Park, Jiangsu, China
Tel: 86-512-66681500, 66681517, 66681553, 66681527
Fax: 86-512-66681599
Website: www.sipac.gov.cn
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