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SIP: the First to Hit Well-off Target

This year sees the beginning of the new ten-year development plan of SIP. It is learned that Suzhou Industrial Park has hit the target ahead of time for building up a well-off society in the development program of Suzhou Municipality.

In the first half of this year, SIP is advancing steadily in the regional economic growth, and there is noticeable improvement in its comprehensive strength. From January to June, SIP achieved a GDP of 26.63 billion yuan RMB, increasing by 21% over that of the corresponding period of last year. SIP continues to take the lead in the external-oriented economy of the municipality. An average of two enterprises went into operation everyday. For the first time, SIP ranks first in Suzhou for the four targets of import and export volume, export volume, contracted foreign investment, and paid-up foreign investment capital.

The development of SIP is currently going in full swing towards the eastern region of the Jinji Lake. A new business area is being formed around the Jinji Lake. The various departments of Sipac have made evaluations of SIP’s growth in earnest according to the 18 items in four major types in the development targets mapped out by Jiangsu Province and Suzhou Municipality for building up a well-off society, and concluded that SIP has met all the criteria, thus making due contributions to the overall development of the Municipality.

July 20, 2005

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