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About Suzhou Industrial Park in China

By EU SME Centre | Article      13.01.2016     Tags: ICT (Technology and Telecoms)

Suzhou Industrial Park (SIP), as an important economic cooperation project between the Chinese and Singapore governments, is one of the fastest-growing development zones with an international competitive edge in the Yangtze River Delta region.  

Established in 1994, SIP is located in Suzhou - only a 25-minute bullet train ride west from Shanghai. 

Governed by the China-Singapore Joint Steering Council, SIP supports the growth of small and medium-size companies in all sectors by providing a one-stop shop service for legal, financial, accounting, human resources and intellectual property rights protection. Companies established in SIP cover sectors such as: 

  • integrated circuit

  • TFT-LCD

  • automotive parts 

  • aeronautical parts 

  • software

  • outsourcing services

  • biopharmaceutical

  • nanotech industry

By the end of October 2015, SIP has attracted over 5,512 foreign enterprises (including 93 Fortune 500 MNCs), with a cumulative contractual foreign investment of EUR 37.58 billion. Import and export volume totalled EUR 5,658.73 billion. 

According to the resolution of the 16th China-Singapore Suzhou Industrial Park Joint Steering Council Meeting, SIP is committed to carrying out a number of experimental reform policies with the aim to: 

  • Introduce more active opening-up strategies in the Park;

  • Explore more effective ways to promote innovation;

  • Become a national role model of innovation and a regional innovation platform

To learn more about SIP, visit its website here.

Contact Us

To learn information about other industries parks in China, contact the EU SME Centre.

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