Since the 18th National Congress of the Communist Party of China, Jiangsu has fully, accurately and comprehensively implemented the new development concept in accordance with the grand blueprint for Jiangsu planned by General Secretary Xi Jinping, actively integrated into and served the new development pattern, and achieved a historic leap in the development of various economic and social undertakings.
Resident of Suzhou
Foreign Tourist
With urban skyline becoming taller, Suzhou's economic development is also advancing with the times and growing rapidly.
The Suzhou Industrial Park where Jinji Lake is located is an important cooperation project between the governments of China and Singapore.
Since its settlement in Suzhou Industrial Park at the end of 2011, Innovent Biopharmaceutical Group has built a product innovation chain including 32 new drug varieties in 10 years.
The development history of Innovent is also a microcosm of the development of Suzhou's biopharmaceutical industry in the past decade.
Chen Bingliang, Chief Scientist of Innovent Biopharmaceutical Group
In the past ten years, Suzhou Industrial Park has gathered more than 2,000 biopharmaceutical enterprises with its industrial scale exceeding 135 billion yuan.
In recent years, Suzhou has adhered to innovation-oriented leadership, industrial optimization and upgrading by focusing on the development of four major industries of electronic information, equipment manufacturing, advanced materials, and biomedicine, enabling its comprehensive scientific and technological strength to rank first in the province for 12 consecutive years.
Suzhou insists on accelerating the construction of a higher-level open economic system. In 2019, the Suzhou sub-zone of Jiangsu Free Trade Zone was launched.
Suzhou Industrial Park has formed more than 130 innovative and pioneering institutional achievements in the province. More than 30 have been replicated and promoted nationwide and in the province.
Suzhou, which has prospered with its open economy, is constantly gathering momentum for innovation and development. High-level innovation carriers including the Suzhou Laboratory and the Yangtze River Delta Advanced Materials Research Institute have successively landed in Suzhou.
The market vitality has been fully stimulated as the city now registers 829.7 thousand enterprises and 11 thousand national high-tech enterprises. In the past decade, Suzhou's GDP has increased from 1.2 trillion in 2012 to 2.27 trillion in 2021, ranking first among prefecture-level cities for ten consecutive years.
