Suzhou New District
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The Suzhou New District (Suzhou Hi-tech Industrial Development Zone) is one of the APEC hi-tech development zones in China in 1997. Situated to the west of the city, Suzhou New District is 5km to the center of city and covers an area of 52 sq. km, forming three functional areas: trade center, resident and technology industry park.
Suzhou New & Hi-tech District was certified by StatCouncil of PRC on 18 November 1992 and it was one of the first industrial parks open to APEC economies as well as an export base of national hi-tech products. In 2003, the whole district has realized a total output value of 25.1 billion yuan, industrial sales of 70.06 billion yuan, The local budget revenue registered 1.53 billion yuan and export of 8.76 billion USD[citation needed].Up to the end of 2003, the district has attracted a total of over 800 foreign projects including 40 MNCs of the Fortune 500. The contracted foreign investment has reached over 6 billion USD while the actually utilized investment reached 3.4 billion USD. In the district, an industrial framework of electro-information, precise machinery, bio-pharmaceuticals, and new materials has taken shape.
Business development bases including Suzhou New & Hi-tech Initiative Center, Business Incubator for Returned Scholars, Suzhou New & Hi-tech Incubator, Suzhou Science and Technology Town have all been constructed and optimized. Suzhou New & Hi-tech District was accredited with “ISO 14000 National Demonstration Zone”. The construction of the National Industrial Park of Env-ironmental Protection, Science and New & High Technology has made its debut in December 2003.
