OPERATION OF NEW AND HIGH-TECH DEVELOPMENT ZONE – “CHINA-SINGAPORE SUZHOU INDUSTRIAL PARK”

Abstract

Systematic work of the higher authorities of China on achievement and implementation of generally valid aims in the field of science and technology allowed the People’s Republic of China to reach intense innovative advancement of its conomy. New and High-Tech Development Zones form the basis of the national innovative infrastructure in China, the most successful of which is China-Singapore Suzhou Industrial Park (hereinafter – the Park). The Park can be characterized as a flagship project of cooperation between the governments of China and Singapore, pilot zone of reforms and innovations, successful model of international cooperation. The aim of the foundation and development of the Park is creation of innovative world class productions and setting up new international district with modern information and technology infrastructure and environmentally-friendly neighborhood. The article presents the process of formation of the Park’s management system and its interaction with the public authorities as well as the main principles of its organizational structure. Current social-economic development results and advancement of favorable conditions for investors are analyzed. Special emphasis is given to the concept of development of the industrial ecology observed by the Park’s management. The examples of intensive growth of infrastructure are given: creation of demonstration zones and experimental areas, building of social facilities. The emphasis is given to the constant development of the Park’s human resources. The project represents a new model of international economic and technical cooperation of China with other nations.

Keywords

• china-singapore suzhou industrial park
• innovation
• infrastructure
• international cooperation
• favorable conditions
• circular economy
• environmentally-friendly technopark