With great determination to overcome all challenges to boost economic growth, SIP managed to achieve a year-on-year increase of 4.1% in actual use of foreign investment in the first eight months of this year.
Specifically, the actual use of foreign investment in SIP reached US$1.907 billion, accounting for 38.39% of the total of Suzhou city. The foreign investment used in the high tech sector was US$1.226 billion, up 8.4% YoY.
The achievements stem from a series of measures SIP has taken to support big projects, develop new industries and new types of business, and foster new driving forces for economic development.
From January to August, SIP recorded 170 projects with single investment exceeding RMB100 million. The investments of these projects totaled RMB87.4 billion. SIP ranks first in Suzhou in terms of total investment and rate of projects launched.
