Suzhou Industrial Park posts high growth in actual utilization of foreign capital

As a world-class high-tech park that aims to create openness and innovation, Suzhou Industrial Park has maintained high growth in actual utilization of foreign capital since the beginning of this year by promoting reform and development through openness. 2024 marks the 30th anniversary of the development and construction of China-Singapore Suzhou Industrial Park. 

Eli Lilly and Company in Suzhou once again invested 200 million dollars to upgrade its Suzhou factory in a bid to introduce blockbuster innovative drug products, expand the production scale of innovative drugs for type 2 diabetes and obesity, so as to meet the needs of Chinese patients and support the production of pipeline products in the future.

Since the beginning of this year, a group of multinational medical, pharmaceutical, and health enterprises such as Roche Diagnostics, Danaher, Tiansheng, and Philips have continued to increase their investment in Suzhou Industrial Park. A group of industry-leading companies such as Olympus and Bako have invested in Suzhou Industrial Park for the first time.

As a highland of open innovation, Suzhou Industrial Park has focused on industries such as biomedicine and health, new energy, and equipment manufacturing, carrying out precise investment promotion, developing new quality productivity according to local conditions, and making every effort to find new growth engines. Suzhou Industrial Park was recently awarded the National Excellent Practice Case for Investment Promotion.

Jiang Weiming, Director of the Investment Promotion Committee of Suzhou Industrial Park, noted that in the next step, they will further adhere to open innovation, give play to the role of an international business center, gather overseas talents, and enable overseas technology and projects to develop in Suzhou Industrial Park.

From January to August, Suzhou Industrial Park recorded actual utilization of foreign investment of 1.907 billion US dollars, a year-on-year increase of 4.1%, accounting for 38.39% of the city's total.