The Suzhou
Industrial Park, a prominent Sino-Singaporean cooperation
project, reported soaring growth last year.
In 2000 the park scored a gross domestic product (GDP) of
13 billion yuan (1.6 billion US dollars), financial
revenue of 1.63 billion yuan (196 million US dollars) and
an import and export value of 3.4 billion US dollars, up
75 percent, 144 percent and 130 percent respectively,
according to statistics.
The park experienced a full prosperous year in 2000,
making a profit of 1.84 billion yuan (222 million US
dollars), nine times the figure for the previous year,
Wang Jinhua, director of the park's management commission.
Last year 36 new foreign-funded projects were founded in
the park and 52 existing enterprises increased their
investments. As a result the park added 1 billion US
dollars of contractual foreign investment, with realized
foreign investment amounting to 630 million US dollars.
The park expects to have a 50 percent growth this year,
with its GDP hitting 18 billion yuan (2.2 billion US
dollars), financial revenue 2.1 billion yuan (253 million
US dollars) and import and export 5 million US dollars,
Wang said.
Contractual overseas investment is expected to rise to 1.5
billion US dollars this year, and the actual investment is
to reach 800 million US dollars.
The park will intensify cooperation with its Singaporean
partner to introduce programs in the service sector and
modern agriculture. It also tries to hire professionals
worldwide and aims to set up an effective, clean and
business oriented administration, according to Wang. |
China Central Television
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