Suzhou

Suzhou is one of China's foremost cities for foreign investment due to its proximity to Shanghai and lower operating costs. Major industries include iron and steel, IT and electronic equipment manufacturing, and textile products. After Shanghai, Suzhou possesses the second largest industrial city in China and is home to 27 listed companies. Further sign of its pro-business environment include the success of Kunshan, a county-level city in Suzhou, which manufactured around half of the world's notebook computers.

Substantial improvements in infrastructure will continue to benefit Suzhou; these include a high-speed railway between Suzhou and Shanghai, a light rail line linking the two cities' subway system, and a Suzhou metro line

Suzhou's GDP grew 10.1% RMB1.2 trillion in 2012.

 

Suzhou Quick Facts
  • Area
    8,488 km2
  • Population:
    11769100
  • Gross domestic product:
    916.89 billion RMB
  • GDP growth:
    13.2%
  • Fixed Asset Investment:
    361.78 billion RMB
  • Utilized Foreign Direct Investment:
    8.54 billion US$
  • Imports:
    120.97 billion US$
  • Exports:
    153.11 billion US$

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Top 5 Suzhou Companies
    • Huafang Textile Co (SHA: 600273) is engaged in the production and sale of textile products, garments and textile raw materials. It posted RMB2.02 billion in revenues and RMB140.05 million in net profits for 2010.
    • Jiangsu Etern Co (SHA: 600105) is engaged in the manufacture and sale of optical cables, electric cables and communication equipment. It posted RMB2.54 billion in revenues and RMB199.45 million in net profits for 2010.
    • Hengtong Optic-Electric Co (SHA: 600487) is engaged in the manufacture and sale of optical cables and related products. It posted RMB2.09 billion in revenues and RMB162.75 million in net profits for 2010.
    • Jiangsu Guotai International Group Guomao Co (SHE: 002091) is engaged in the international trading of textile, mechanical, electrical and chemical products. It posted RMB3.96 billion in revenues and RMB177.28 million in net profits for 2010.
    • Create Technology & Science Co (SHE: 000551) is engaged in the manufacture of specialized instruments and apparatus. It posted RMB2.25 billion in revenues and RMB63.35 million in net profits for 2010.

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