Some pretty interesting remarks in the wikipedia article on SIP:
> The SIP ran into trouble when local officials began building Suzhou New District (SND) industrial park to compete with it. As the Suzhou city government had only a minority 35 percent stake in the SIP, while they had a major stake in SND, the city government largely ignored SIP and concentrated on promoting the SND instead.
> After incurring losses of some US$90 million over 5 years, the Singapore consortium lowered its stake to 35 percent, raising the Chinese consortium's stake to 65 percent from 35 percent and reducing the Singaporean share from a planned 70 km2 to just 8 km2. The Chinese side appointed Wang Jinhua, vice-mayor of Suzhou and the former manager of the New District, as the new chief executive.
> In 2001, one year after Singapore lowered its stake, the park made its first profit of $3.8 million.