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Over 340 billion Yuan in Investments was signed at the 2025 Suzhou Global Investment Promotion Conference
Globenewswireยท 2025-04-28 23:03
Core Insights - The 2025 Suzhou Global Investment Conference attracted over 1,200 business elites from Fortune 500 companies, multinational corporations, and unicorn enterprises, resulting in the signing of 417 projects with a total investment of 341.57 billion yuan [1][4]. Investment Environment - Suzhou is a leading city in China for foreign investment, hosting 14 national-level development zones and 19,000 foreign enterprises, including 178 Fortune 500 companies that have collectively invested 167 billion USD in nearly 500 projects [4]. - The city has been enhancing its institutional openness in regulations and management, particularly in the biopharmaceutical sector, introducing a "white list" for R&D material importation that reduces customs clearance times by 70% [4]. Open Innovation and Cooperation - Suzhou is expanding its open innovation capabilities through international cooperation frameworks, including partnerships with Singapore, Germany, and Japan, with the Suzhou Industrial Park recognized as the top national-level economic development zone for nine consecutive years [5]. - The city of Taicang is deepening its collaboration with Germany, further enhancing its global investment appeal [5]. Foreign Resident Services - Approximately 30,000 foreign residents live in Suzhou, supported by a Foreign Resident Service Center that offers 21 services, including a 24-hour AI-powered government assistant [6]. - The "City Honor Card" integrates various services for foreign residents, significantly improving their living and working conditions in Suzhou [6]. Business Environment - A favorable business environment and comprehensive service systems are crucial for attracting foreign investment, ensuring that investing in Suzhou is perceived as investing in the future [7].