Suzhou Industrial Park
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China–Singapore Suzhou Industrial Park 苏州工业园区 |
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| District | |
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| Country | China |
| Province | Jiangsu |
| Prefecture | Suzhou |
| Area | |
| • Total | 288 km2 (111 sq mi) |
| Population | c. 2,000,000 |
| Time zone | China Standard (UTC+8) |
| Website | http://www.sipac.gov.cn/english/ |
The China–Singapore Suzhou Industrial Park (simplified Chinese: 中国—新加坡苏州工业园区; traditional Chinese: 中國—新加坡蘇州工業園區; pinyin: Zhōngguó—Xīnjiāpō Sūzhōu Gōngyè Yuán Qū), or Suzhou Industrial Park for short, abbreviated as SIP, is a county-level administrative area located in Suzhou, China with significant Singaporean influence.
In the late 1980s, as China's modernisation drive gained momentum, a lot of Chinese delegations visited Singapore, a southeast Asian nation that achieved notable economic success within 30 years of independence. The Chinese visitors were eager to learn modern management methods, while Singapore was also planning Economic Regionalisation, 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, China's 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 (CS-SIP) was thus born on February 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 Suzhou.
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. The China-Singapore Joint Steering Council led by Chinese Vice Premier Wu Yi and Singapore Deputy Prime Minister Wong Kan Seng will hold meeting every year to give directions for the development of SIP.
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