SIP has seen remarkable fruits in recent years in rolling out its development mode in other areas of the country.
Following SIP’s example, several industrial parks have been set up in Suqian and Nantong in East China’s Jiangsu province and Chuzhou in the neighboring Anhui province, all with remarkable achievements in attracting investment. Horgos Economic Development Zone in Northwest China’s Xinjiang Uygur autonomous region is developing fast with experience drawn from SIP, yielding local GDP of RMB 5.45 billion and total imports and exports of USD 2.008 billion last year.
Moreover, the SIP-Xiangcheng Cooperative Economic Development Area in Xiangcheng District, a district under the jurisdiction of Suzhou, has become a major driver for local economic growth. Additionally, the cooperative industrial park being built in Yinchuan, capital of Northwest China’s Ningxia Hui autonomous region, and another one in Jiashan County in East China’s Zhejiang province are expected to greatly drive local economic development based on SIP’s experience.
July 19, 2019