Suzhou Industrial Park (SIP) unveiled an action plan on September 2 to build a world-class hi-tech park that is open and driven by innovation.
The action plan outlines 33 key initiatives around 10 aspects, including enhancing innovation capacity and improving industrial resilience, and also specifies 28 major objectives.
Shen Mi, member of the Standing Committee of the CPC Suzhou Municipal Committee and party chief of SIP, said the industrial park has reached a critical moment to advance toward higher goals.
As the first flagship intergovernmental cooperation projects between China and Singapore, the industrial park has achieved a total of 1.03 trillion yuan in tax revenue and $1.46 trillion in foreign trade. SIP has retained its top position in comprehensive strength for seven consecutive years during the annual evaluation of state-level economic development zones by the Ministry of Commerce.
The park is home to 33 renowned Chinese and foreign universities (research institutions) and more than 5,000 innovation-centric enterprises, forming the backbone of the park’s innovative growth.
Along with the action plan’s launch, the Conference on Accelerating the Development of an Open and Innovative World-class High-tech Park saw the signing of agreement for projects worth more than 50 billion yuan. Foreign-funded ventures accounted for two thirds of these projects.
The conference inaugurated the SIP-Temasek China-Singapore Life Sciences Park, which aims to create an international innovation and incubation platform, an advanced R&D center, and a high-end industrial cluster specializing in life sciences.
It also kicked off construction of the headquarters building for the National Center of Technology Innovation for Biopharmaceuticals (NCTIB) and the National Third-generation Semiconductor Technology Innovation Center (Suzhou). The NCTIB focuses on research of new vaccines, nucleic acid-based therapies, gene and cell therapies, while the semiconductor center specializes in applications of electronics, microwave and optoelectronics.
