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FYI:
The Suzhou Industrial Park (SIP) is the largest cooperative project between the Chinese and Singaporean governments. It is located beside Jinji Lake (, jīnjīhú), which lies to the east of the Suzhou Old City. On 26 February 1994, Vice Premier Li Lanqing and Senior Minister Lee Kuan Yew represented China and Singapore respectively in signing the Agreement to jointly develop Suzhou Industrial Park. The project officially commenced on 12 May in the same year. SIP has a total jurisdiction area of 288 km2, of which, the China-Singapore cooperation area covers 80 km2 with a planned residential population of 1.2 million.
Suzhou Industrial Park (SIP) - West Bank of Jin Ji Lake Suzhou Industrial Park Export Processing Zone
The Suzhou Industrial Park Export Processing Zone was approved to be established by the government in April 2000, with a planning area of 2.9 km2. It is located in Suzhou Industrial Park set up by China and Singapore. Inside the Export Processing Zone, all the infrastructures are of high-standard. With the information platform and electronic methods, all the customs declaration and other procedures can be handled on line. Investors can enjoy many preferential policies.[13]
Suzhou Hi-Tech Industrial Development Zone
The Suzhou Hi-Tech Industrial Development Zone was established in 1990. In Nov. 1992, the zone was approved to be the national-level hi-tech industrial zone. By the end of 2007, foreign-invested companies had a total registered capital worth of USD 13 billion, of which USD 6.8 billion was paid in. SND hosts now more than 1,500 foreign companies. Some 40 Fortune 500 companies set up 67 projects in the district.[14]
Next to Shanghai, Suzhou is both the second largest industrial city in China and the second largest city among the cities in the Yangtze Delta.
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