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Monday, Oct 19, 2020
Since 2016, the Ministry of Commerce has organized and carried out the assessments and evaluations of the comprehensive development of national economic and technological development zones, and Suzhou Industrial Park (SIP) of China - Singapore Cooperation has ranked top 1 for the fourth year in a row. It is among higher echelons of High Tech Zones, holding up half the sky of Jiangsu Free Trade Zone (Jiangsu Free Trade Zone covers an area of 119.97 square kilometers, while Suzhou Free Trade Zone located in Suzhou Industrial Park is 60.15 square kilometers in size). There are also flagship projects of cooperation between governments (China and Singapore). All these situations make Suzhou Industrial Park unique and well-known among many in China.
The signing in 1994 between the Chinese and Singaporean governments on the Agreement on Cooperation in the Development and Construction of Suzhou Industrial Park.
The planning and construction of Suzhou Industrial Park has been adhering to the long-term principle with high starting point: the top-down design, long-term consideration, systematic planning, step-by-step implementation without deviation. The actual portrayal of the established Park shares 90% similarity with the initial hand-drawn master-plan of the Park in 1994. The practices of “planning while developing”, “planning after development” and “planning with a change of leaders” are completely abandoned.
Hand - made master plan (above), the portrayal (below)
In the early stage, the Park mainly chose the capital intensive high-end manufacturing industry as the investment object. As the leader, they could also gather upstream and downstream firms. With the industrial and technological changes, Suzhou Industrial Park has gradually formed a “2+3”industrial system: “2” means a new generation of information technology and high-end equipment manufacturing while “3” is bio-medicine, nanotechnology applications and artificial intelligence. At the same time, the Park is also trying to promote the quality of modern service industry.
At the beginning, the Park gave up the huge crowd strategy of “attracting investment by all” or “setting targets for each department”. Instead, China and Singapore jointly invested for the Park, laying a foundation with the help of Singapore’s international investment experience and resources. In April 1994, Goh Chok Tong, the Prime Minister of Singapore, visited Europe and introduced Suzhou Industrial Park to multinational companies at large investment fairs in Germany and Britain. Since then, the two countries have meticulously produced videos, slides, projection materials and investment guides in four languages, namely, Chinese, English, German and Japanese, so as to select high-level, professional and interdisciplinary talents with a definite target and professional investment promotions.
From “changing management into service” in Stage 1.0 and “helping enterprises solve problems in the whole process” in Stage 2.0, to “building for distinctive industries an innovative ecosystem, including formulating an industrial plan, building a functional zone, establishing a state-owned assets company, setting up one growth fund, and a professional service organization) in Stage 3.0, the friendly investment environment of SIP is constantly improving.
Today's Suzhou Industrial Park has successfully made the leap. With “Internet plus” government administration system, the administrative approval is carried out online. Through the reform of the management system, approval process of new enterprises will be completed within 2 working days, and that of real estate registration will be completed within 3 working days. The approval of industrial construction projects can be completed within 33 working days. Under the “small government and big society” management system, the administrative efficiency of the government has been effectively enhanced by a combination of the examination and approval conducted by one special department, the law enforcement by one team as well as the management of market, credit and service respectively by one department, one platform and one network.
High quality comprehensive environment is of economic, social and cultural importance. Learning from the community service concept in Singapore, the Park has built many neighborhood centers, integrating convenience of residents with liaison with the masses, community health stations, commerce, culture, sports, health, education and other functions.
Please submit your query in the form below and one of the commercialisation team will be in
touch.
Alternatively, you can contact one of our team directly or request a meeting in person, online, or over the phone.