Suzhou government held a meeting with Taiwanese-invested enterprises on July 6 to promote exchanges and address problems affecting their stable development.  

In the meeting, Rock Hsu, chairman of Compal Electronics, inquired about measures to cope with the relatively high employee turnover rate in the electronic information industry.  

Zhou Wei, secretary of the CPC Kunshan Municipal Committee, answered that a dual effort was made to recruit and retain employees for enterprises from Taiwan. This included regulating the operation of human resource intermediaries and improving the accommodation conditions for employees. 

Peng Shuang-Lang, chairman of AUO Corporation, voiced his concern that some manufacturing enterprises face the talent gap, a challenge he urged the government to intervene.  

In response, Shen Mi, a member of the Standing Committee of the CPC Suzhou Municipal Committee and secretary of the Party Working Committee of the Suzhou Industrial Park (SIP), said the park plans to build new apartments with a floor area of nearly one million square meters during the 14th Five-Year Plan period and also improve the environment to be livable and business-friendly. 

The city’s authorities responded to many problems and suggestions put forward by Taiwanese-invested companies in the meeting. Entrepreneurs from Taiwan generally agreed that Suzhou has a superior business environment and they will expand investment in the city.  

Suzhou is a hot destination for investment from the island and a vibrant hub for cross-Strait trade and cultural exchange. It has approved a total of 12,800 Taiwan-funded enterprises and the paid-in investment was more than $35 billion. In 2022, Suzhou has actively coordinated the COVID-19 prevention and control with efforts to boost economic and social development. The city has pledged to constantly improve the business environment for Taiwanese companies.  

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