Background

The Suzhou Industrial Park (SIP), located in the Yangtze River Delta Economic Development Belt, is the largest cooperative project between the governments of China and Singapore. Since it was inaugurated in 1994, the SIP has developed a new form of mutually beneficiary international economic and technology cooperation by adopting Singapore's experience in accordance to China's national situation, and by integrating Singapore's concept of internationalization and the local culture of Suzhou. Its main economic indices have grown at an average annual rate of 40%. As a successful example of friendly international cooperation, the SIP has become one of the important sites of China's reform and opening-up efforts.

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