CHINA
SINGAPORE CO-OPERATION-
10TH ANNIVERSARY OF THE FOUNDING OF SUZHOU INDUSTRIAL PARK
1994-2004
On
26 February 1994, the Agreement on the Joint Development
of Suzhou Industrial Park (SIP) was signed by Chinese Vice
Premier Li Lanqing and Singapore Senior Minister Lee Kuan
Yew in beijing. It mark the birth of the joint development
of Suzhou Industrial Park between the two governments.
The
vision for SIP is to build an integrated, modern, garden-like
hi-tech township of international standards. SIP will have
its own commercial, residential and social amenities to
complement the industrial development.
Industrial
development of SIP began in May 1994. Since the, it
has progressed from strength to strength. With the
support of both governments, SIP has achieved a rapid growth
of about 50% per year.
Industrial
development is the foundation of SIP's development. It has
since attached more than 1320 Foreign invested Enterprises
with total investment exceeding US$20 billions. SIP
enjoys the highest average investment per project in China
and has become one of the fastest growing and most competitive
industrial parks in China.
The
joint stamp issue is specially release to commemorate the
10th Anniversary of SIP and to record this significant and
successful joint project between the governments of China
and Singapore
The
stamp design depicts the symbol of this close cooperation.
The
sculpture stand tall in a scenic location of SIP as a visible
symbol of the collaboration of the two governments and those
involved in the project. The sculpture, titled "Harmony"
was officially opened in June 2001 by Chinese Vice Premier
Li Lanqing and Senior Minister Lee Kuan Yew. |
