The city of Suzhou recorded a regional GDP of 1765.52 billion yuan in the first three quarters, a year-on-year increase of 4.2% at comparable prices. Since the beginning of this year, Suzhou has strengthened the construction of key projects, promoted a higher level of opening-up to the outside world, and made every effort to promote the continuous overall improvement of economic operation.
The BeiGene Shenzhou Small Molecule Innovative Drug Global Industrialization Base has recently been put into use in Suzhou, promoting the high-quality integrated development of the "No.1 Industry" biopharmaceutical industry chain in Suzhou, and assisting Suzhou in building an internationally competitive and globally influential biopharmaceutical industry innovation cluster.
The global industrialization base for small molecule innovative drugs is expected to produce up to 1 billion solid formulations per year, with a commercial scale and flexible production capacity for clinical use. It can quickly achieve high-quality transformation of large and small molecule independent research and development pipelines from laboratories to clinical product production, and further on to commercial production, becoming one of the few integrated bases in the world that can achieve the industrialization of new drugs.
“Our current popular product is called Zebutinib, and it has now entered the world. This is the first time our country's innovative intellectual property drugs have entered the US market. According to the just released quarterly report for the third quarter, this drug is very popular among patients in both the United States and Europe, and our annual sales this year will exceed $1 billion,” said Wu Xiaobin, President and Chief Operating Officer of BaiGene Shenzhou.
The commencement, completion, and production of major projects have injected strong resilience into Suzhou’s high-quality development.
In the first three quarters, Suzhou recorded a year-on-year growth of 15.8% in industrial project investment, 10.3 percentage points higher than fixed assets investment.
In the meantime, foreign enterprises are constantly increasing their investment in Suzhou. In November, the Alps International Resort, a major project of Sino-French cooperation, opened its doors in Taicang to provide tourists with a new experience of high-quality ice and snow sports.
“Providing a good one-stop destination for family vacation consumers in the Yangtze River Delta, this project is aimed at the national goal of 300 million people enjoying ice and snow sports. In the second phase of the project, we will combine the overall concept of comprehensive tourism in Taicang to provide assistance to Taicang,” said
Cao Minglong, President of Fosun Tourism and Culture Group.
“As the forefront of China's opening up to the outside world, we will continue to create a first-class business environment, provide high-quality service guarantees for the development of foreign enterprises, including French enterprises, in Suzhou, and promote more mutually beneficial and win-win results,” said Lin Tianshu, Director of Foreign Enterprise Service Department of Suzhou Municipal Bureau of Commerce.
Statistics show that in the first three quarters, Suzhou recorded an investment of 236.01 billion yuan in investment projects, accounting for 50.4% of fixed assets investment, 6.8 percentage points higher than the same period last year.
The amount of investment in projects with an investment of more than 100 million yuan increased by 22.0% year on year, stimulating investment in fixed assets investment to increase by 9.6 percentage points.
