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SIP Aims to Be Internationally Most Competitive

Suzhou Industrial Park, with the most striking feature of adapting the experience of Singapore, is a successful example of fast-growing development zone in Jiangsu Province.
At the 9th SIP China-Singapore Joint Steering Council Meeting, jointly presided over by Vice Premier Wu Yi of China and Deputy Prime Minister Wong Kan Seng of Singapore, on July 10, the two sides reiterated full support for Suzhou Industrial Park to strive to be a hi-tech industrial park with the best international competitive edge.

By the "evaluation on the attraction of Chinese cities on the eyes of multinational corporations in the year 2006", initiated by Chinese Academy of Social Sciences, Suzhou Industrial Park ranks first among development zones in terms of "comprehensive attraction".

Over the past 13 years’ development and construction, SIP is now generating 15% of the GDP and 29% of the total import and export volume of Suzhou Municipality with 4% of the municipal area. The financial revenue of SIP amounted to 11.9 billion RMB, and the average annual wage of employees here to 30,000 RMB.

By the end of 2006, 64 of the Fortune-500 multinational corporations have entered SIP and set up over 2,600 enterprises, many of which have hit over US$ 1 billion in annual sales revenue. By June this year, SIP has altogether absorbed paid-up investment capital of US$ 12.1 billion, with a total investment of US$ 59.6 billion from domestic and overseas investors.

13 years ago, GDP in SIP was a pittance of 1/522 that of Singapore, but by 2006, it jumped to US$ 8.7 billion, about 1/15 of that of Singapore.

On April 30, SIP was designated by Ministry of Commerce and Ministry of IT Industry as the first "demonstration base of outsourced service" in China.

By the end of 2006, SIP has over 400 enterprises engaged in outsourced service with a business turnover of over 3 billion RMB, including US$ 80 million from exported outsourced software service and 500 million RMB from animation designing and production. SIP human resource agencies provided over 50,000 jobs in the form of outsourced service, and logistic service for over 3,000 enterprises in SIP.

Ma Minglong, Chairman of Sipac, admits frankly that there is still a big gap between SIP service industry and that of Singapore, as is shown in the proportion of added value of service industry in GDP, which is 26.3% in SIP but 63.2% in Singapore. Labor force engaged in service sector of SIP takes up only 18.7% of the total, whereas in Singapore, it is as high as 69.1%. It is the aspiration of SIP to equal the reputation of being a "global plant" with "global office".

Wang Jinhua, Deputy Secretary of CPC Suzhou Municipal Committee and Secretary of SIP Party Working Committee, told reporters, "SIP has conducted experiment for the past dozen years, and will go on with further experimentation in the years to come, chiefly on the implementation of scientific approach of development and the construction of a harmonious society, and it will be a great help to continue our adaptation of the experience of Singapore."

Wang listed the 5 aspects of the adaptation of Singapore’s experience: 1) the strategy of successful upgrading of industries and the experience in developing outsourced service; 2) the experience in urban planning, construction and management, such as CBD, transport designing, energy conservation in buildings, environmental protection, comprehensive management of water resources, waste water treatment, control of air and water pollution, and solid waste treatment; 3) educational system, the planning, vocational education, HR policies, and management of immigrated workforce; 4) anti-corruption organization and practice, the management of small urban sales stalls, management strategy and concept of consumers’ association, outdoor advertisement (including those on vehicles) management, and the handling of industrial disputes; 5) management strategy and concept in IPR protection.

July 27, 2007

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