 City Information', 'Suzhou (Jiangsu) City Information', 'http://research.hktdc.com/business-news/static/images/qzone/hktdc_research_en.jpg'); "Qzone")
23 Nov 2016
Suzhou (Jiangsu) City Information
| Major Economic Indicators (2015) | |
| Land Area (km2) | 8,657 |
| Population (million) | 10.6 |
| GDP (RMB billion) | 1,450.4 |
| GDP Per Capita (RMB) | 136,702 |
| GDP Composition | |
| Primary Industry | 1.5% |
| Secondary Industry | 48.6% |
| Industry | 44.7% |
| Tertiary Industry | 49.9% |
| Retail Sales of Consumer Goods (RMB billion) | 446.2 |
| Utilised FDI (USD billion) | 6.0 |
| Exports (USD billion) | 181.5 |
| Imports (USD billion) | 123.9 |
Source: Jiangsu Statistical Yearbook 2016
General Introduction
Suzhou, situated on the shore of Taihu Lake in the Jiangsu Province, ranked as the 7th most competitive city in China in 2016 according to the Chinese Academy of Social Sciences.
Suzhou is designated as a national hub in MOFCOM’s development plan (2015-2020) of distributive trade and logistics. The Beijing-Shanghai Express Railway links the city with other major cities in China. Suzhou Port, the 10th largest port in China by container throughput in 2015, offers cargo services to domestic and overseas cities.
Electronics, textiles, metallurgy, chemicals, and equipment manufacturing are the major industries in Suzhou. The whole industry sector accounted for 45% of the city’s GDP in 2015.
Major Industrial Parks / Development Zones
1. China-Singapore Suzhou Industrial Park (including Suzhou Industrial Park Export Processing Zone) (state-level)
Target industries: Electronics, mechanical-electronic integration, pharmaceuticals, fine chemicals, precision engineering, new materials
Major investors: Philips, Nokia, Isola, Samsung, Hitachi, Fujitsu, Daimler Chrysler, Honeywell, BP, ZF, Total, Danone, Mitsubishi, Carrefour, Bosch, BASF, Johnson and Johnson
Website: www.sipac.gov.cn
2. Suzhou New District (including Suzhou New District Export Processing Zone) (state-level)
Target industries: Electronics and information technology, opto-electro-mechanical, pharmaceuticals, fine chemicals
Major investors: Seiko Epson, Canon, P&G, Schindler, DuPont, Siemens, Motorola, NGK, Fukuda Metal, Fuji, Benq, Logitech, Freudenberg, Phillips, ASUS, Seiko
Website: www.snd.gov.cn/snd
3. Wujiang Export Processing Zone (state-level)
Target industries: Information technology, precision machinery, new materials
Website: www.wjepz.com
4. Wuzhong Export Processing Zone (state-level)
Target industries: Biotechnology, fine chemicals, electronics consulting, opto-electro-mechanical, precision machinery, new materials
Website: www.wzepz.gov.cn
