Suzhou Industrial Park

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Suzhou: a city doing wonders


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Suzhou, the city widely known for its profound cultural deposits and picturesque sceneries, has pulled off a series of miracles in economic growth since the country's reform and opening-up policy came into practice in 1978. The city's GDP reached RMB 1.7 trillion last year, up 7% year-on-year. A major reason for the achievements is that innovation never stops here.

The city government has been encouraging innovation in business modes, guiding the local businesses to seek development based on their strongpoints and relying on their creativity and flexibility to the economic environment's changes over time.

On the other hand, the innovative development of a number of industrial parks and development zones has allowed the city to see increasingly concentrated resources for specific industries and continuously improved industrial chains.

Apart from that, the innovation in urbanization, talent development, education and government regulation and services has laid a solid foundation for the city to pursue a higher level of economic development.

Economic Daily
October 12, 2018