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Suzhou Industrial Park Keeps High Growth Momentum
The Suzhou Industrial Park, a cooperative project between Chinese and Singaporean governments, has been maintaining a high-speed development momentum.
The park reported 5.987 billion yuan in GDP in the first half of this year, a 62 percent rise on a yearly basis.
The inflow of contractual overseas investment in the park in the six months reached 502 million US dollars, adding the total to 7.186 billion US dollars by the end of June.
A number of industrial sectors have taken shape in the park involving such fields as electronics, semiconductor, biology, pharmaceuticals, machinery, and information technology.
A special area for export-oriented processing business in the park has also gone into operation recently.
The park conducted 1.016 billion US dollars of trade in the way of processing imported material in the first half of this year, a soar of 280 percent on 1999 level.
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