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 M¢37  Funded By Mahalo ? |  September 10, 2009 02:12 PM

How successful has the Suzhou Industrial Park been for China?

Explain how useful the Suzhou Industrial Park has been for China
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Best Answer  Chosen by Asker

wy wy
 
September 12, 2009 02:29 AM
We can get a glimpse of SIP Achievements from SIP official website. Its contributions are indeed great.

Excerpt:
“SIP maintained a sustainable annual average economic growth of 30%. With around only 4% of the total land and population, 7% of the industrial electricity, SIP contributes about 15% of Suzhou's GDP, local general budgeted revenue and fixed asset investment, approximately 25% of the total registered foreign capital, paid-up foreign capital and about 30% of the gross import and export volume.”

“By the end of June 2008, SIP has attracted over 3299 foreign enterprises, including 77 Fortune 500 MNCs with cumulative contractual foreign investment of USD 33.96 billion, and domestic companies with total contractual investment of RMB 129.57 billion. There are a number of companies with annual sales revenue of over USD 1 billion. 70% of the companies have gone into operation and production. 80% of the companies in production for over two years are profitable and amongst them nearly a quarter have recouped their investments. “

“rapid clustering of IC, TFT-LCD, automotive and aeronautical parts and other leading industries, and swift emergence of software, outsourcing services, biopharmaceutical, nanotech industry, etc. “
Asker's Rating:
• The Singapore business model is mean and clean


Tags: suzhou, park, industrial, china, singapore

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