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SIP to Build New Silicon Valley in 5 Years

2006 is the second year in implementing the scheme of doubling service industries in SIP. The added value of service sector rose by 3% in GDP proportions in the past two years, hitting 26.3% and ranking the second among development zones in China. 2,900 service projects were added during the two years, in which SIP appropriated 90 million RMB guiding funds for the service industries. In 2006 alone, the guiding funds amounted to 8.158 million RMB. Report from the SIP conference on summary and citation of implementing the service development scheme on March 6 reveals that SIP will focus on the construction of "3 areas", the renovation of "two gateways", and the building of "one demonstration zone". Wang Jinhua, Deputy Secretary of CPC Suzhou Municipal Committee and Secretary of SIP Party Working Committee, attended the conference.

SIP made remarkable progress in optimizing industrial structure and developing technological and information service and new emerging services in modern circulation, etc. In Production-oriented services, SIP successfully introduced over 20 well-known domestic and overseas enterprises, such as DBS Bank from Singapore, WOORIBANK of Korea, East China Distribution Center of Distribution Amazon Sales Network, Nikkon Logistics, etc., 70 information and R&D projects like Microsoft Allied Laboratory and Air Solution Group, and 70 high-level service institutions into the region.

Efforts will be directed towards the development of CBD around Jinji Lake, and within 5 years, a group of 50 high-rise commercial buildings will be completed to serve the whole municipality. In the development of Yangcheng Lake ecological tourism zone, SIP will endeavor to complete the first phase projects and put them into operation by the end of this year as initial step to build the area into a frist-rate ecological leisure and tourist vacation zone in China. In Dushu Lake Technology and Education Innovation Zone, functional development will be completed in 2 to 3 years, and in 5 years, a number of technological and education innovation carriers will be built, including nanotech park, creative industry park, Sino-Singapore Science Hub, Higher Education Zone, and International Technology Park, etc. with backup facilities, totaling 5 million square meters and emerging as a "petty silicon valley" of technological innovation with international fame.

The construction of the two gateways refers to the 400,00m2-warehouse of the comprehensive bonded area and the 60,000m2 office building and commercial facilities to improve the comprehensive functions in bonded area, export and processing, logistic operation, import distribution, and transit trade, etc.and built up a regional logistic hub and bonded free trade port area. Renovation of Donghuan Road will go in full swing this year to smooth the traffic and create flourishing businesses. In the outsourced services, SIP will actively build up a platform of outsourced services and strive to become a national-level demonstration zone of outsourced services.

March 7, 2007

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