Sim Ann: Suzhou Industrial Park continued success after 3 decades is a testament to the strength of the S'pore-China partnership.

GhostZM

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CheerS!!!;)
 

uniqlo

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she stupiak or what?

china being china always copycat

china built Suzhou New District (SND) industrial park to compete directly with sg side

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.
 
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