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As China’s modernization drive gained
momentum in the late 1980s, many Chinese delegations visited Singapore,
a Southeast Asian nation that achieved economic miracle within 30 years
of independence. The Chinese visitors were eager to learn modern
management methods, while Singapore was also planning Economic
Regionalization, which focused on overseas investment. In 1992, the
idea of developing a modern industrial township with Singapore
experience was broached. During his tour of southern China that year,
Chinas late paramount leader Deng Xiaoping said: "Singapore enjoys good
social order and is well managed. We should tap on their experience, and
learn how to manage better than them." After rounds of discussions and
site surveys, both governments decided to join hands in developing a
modern industrial park in the east of Suzhou. The China-Singapore Suzhou
Industrial Park was thus born on Feb. 26, 1994 when Chinese vice Premier
Li Lanqing and Singapore Senior Minister Lee Kuan Yew signed the
Agreement on the Joint Development of Suzhou Industrial Park in Beijing.
Strengths of Suzhou Industrial Park:
The largest economic and technological
cooperation project between Chinese and Singapore Government
An important window of Chinas Reform
and Opening-up A successful model of international cooperation
One of the fastest growing and most
competitive industrial development zones in the world |
