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SuZhou China http://www.suzhou.gov.cn
Fortune 500 in Suzhou

The export-oriented economy in Suzhou has maintained its momentum in 2003. The total value of import & export reached 65.663 billion USD, in which the export amounted to 32.634 billion USD, a growth of 80.4% and 76.2% respectively. USA ,EU, and Japan have become the chief markets for our exports.Electro machinery products have taken 76.9% of the total export last year, while new hi-tech products recorded 54.8% of the total export.

The promotion of foreign investment has made historic records. The newly-contracted foreign investment has reached 12.496 billion USD, while the utilized reached 6.805 billion,increasing 24.1% and 41.4% respectively. The newly approved projects with over 10 million investment reached 716, while those with 100 million reached 22. Up to the end of 2003, the total utilized foreign investment in Suzhou has reached 34.7 billion USD. 91 of the Fortune 500 companies have landed in Suzhou . 38 of the foreign companies in Suzhou appeared on the list of China 's top 500 foreign-invested companies. The annual revenue related to foreign investment reached 12.979 billion yuan, 40.5% of the total in Suzhou .

Suzhou Companies Among the National Top
500 Fpreign-invested Companies

 

The economic and technological cooperation between Suzhou and foreign countries has seen steady development. The newly-contracted labor service reached 0.249 billion USD, of which 0.226 billion has been completed, increasing 35.2% and 32.8% over the previous year. 7 new enterprises were established overseas and one of them has started business.

Economic development zones have seen further developed.The 5 state-level and 11 provincial zones have attracted 8.171 billion USD new contracted investment, while the actually utilized reached 4.412 billion USD, an increase of 27.6% and 23.3% respectively over the previous year and each accounting for 65.4% and 64.8% of the municipal total. Up to the end of 2003,the total infrastructure input has been 56.981 billion yuan.Newly approved foreign-invested companies in the zones reached 5,438.


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