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SIP sees a YoY increase in actual use of foreign investment from Jan to Aug
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With great determination to overcome all challenges to boost economicgrowth, SIP managed to achieve a year-on-year increase of 4.1% in actual use offoreign investment in the first eight months of this year.Specifically, the actual use of foreign investment in SIP reachedUS$1.907 billion, accounting for 38.39% of the total of Suzhou city. Theforeign investment used in the high tech sector was US$1.226 billion, up 8.4%YoY.The achievements stem from a series of measures SIP has taken to supportbig projects, develop new industries and new types of business, and foster newdriving forces for economic development. From January to August, SIP recorded 170 projects with single investmentexceeding RMB100 million. The investments of these projects totaled RMB87.4billion. SIP ranks first in Suzhou in ...
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Excellent projects introduced into SIP in succession
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In recent years, SIP has made consistent efforts to attract projectsfeaturing large investment, innovative functions and good prospects. A numberof industrial clusters have expanded and grown into “new engines” for theindustrial park’s high-quality development.Prominent achievements have been seen in the biomedical and big healthsectors. Danaher, Santen, Philips, Nestle and many other medical and healthproducts companies have added investments in SIP, and a number of industryleaders like Olympus, Barco, Integra and Bio-Rad have launched operations in thearea. The integrated circuits cluster in SIP is expanding, too, attracting theprojects of TF-AMD, SPIL, Carsem, KL-Tech, and Sumitomo Bakaki among othercompanies. Bosch, Airbus, BorgWarner, TE Connectivity and other Fortune 500enterprises have enhanced efforts to localize their R&D and dive deeperinto the new energy and green industries relying on SIP’s resources. Many companies in the equipment manufacturing sector, such as ZEISS, Hitachi,SEW, Ishikawajma-Harima Heavy Industries Co Ltd (IHI), Daikin and K?rcher, haveinvested in new factories, R&D centers and innovation centers in SIP. Additionally, TROX, SW, Kendrion, ...
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Integrated investment promotion system helps secure high-quality development
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Faced with the complicated global situation, decreased cross-borderinvestment and the arduous task of economic restructuring, SIP’s investmentpromotion system has stood up to the pressure and overcome the challenges tosupport SIP’s high-quality development.Over the past 30 years, SIP has created an innovative investmentpromotion system featuring “professionality, coordination, innovation andpro-business”. A number of task groups dedicated to investment promotion andproject support have been established, and a collaboration mechanism has beenadopted to join the efforts of all related authorities to serve investmentprojects. SIP Administrative Committee received the United Nations InvestmentPromotion Award last year.The Suzhou Industrial Park International Business Cooperation Centreshave been opened in Hong Kong, Singapore, Japan, the Republic of Korea andEurope to promote concentration and flow of innovation elements. The YRDOverseas Investment Promotion Center was established to promote investment inthe Yangtze River Delta (YRD) region and help Chinese enterprises seekdevelopment overseas.Moreover, several funds have been established to underpin industrialinvestment, developme...
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