All SIP Administrative Villages Transformed into Residential Communities

The established economic goals for Suzhou Industrial Park (SIP) this year include 18%-plus annual growth of key economic indicators and about 13% increase of per capita net income for rural population. SIP authorities held a working conference on March 5 to summarize the achievements in 2009 and to set forth new goals in the integrated development of the park and towns.

In 2009, the towns in SIP realized a total GDP of 60.28 billion yuan, registering a year-on-year growth of 23.1%; and the general local budget revenue increased by 16.4% to 4.089 billion yuan. Three towns of Loufeng, Weiting, and Shengpu kept leading in the city in terms of export-oriented economy and received a total of 845 million US dollars of foreign capital, which accounted for 47% in SIP. The average rural net income grew by 12.6% to 17,118 yuan. During 2009, 20 administrative villages were cancelled and the rural population became community residents. As a result, there is no administrative rural village in SIP, and a uniform system is in place throughout SIP for pension insurance and the minimum living standard security.

Originally published on Suzhou Daily
March 9, 2010

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