Suzhou: Attracting More FDI

Suzhou is a popular destination for FDI.  The China Daily reports:

Suzhou, long dubbed a paradise on earth for its famed ancient gardens, has turned out to be just as alluring to foreign investors.

The Jiangsu city tops the ranking of "China's 20 Most Attractive Cities for Foreign Investors," which was released yesterday. It is followed by Shanghai and Qingdao; and Beijing ranks seventh.

To read more:

http://www.chinadaily.com.cn/china/2006-09/01/content_678902.htm

And this story in Businessweek:

Suzhou is quickly emerging as a rival to Shanghai for semiconductor manufacturing. It is one of China's biggest exporters, and in 2003 surpassed Shenzhen to become the second-largest city by industrial production on the mainland, trailing only Shanghai. Last year, while foreign investment in China fell 0.5%, in Suzhou it grew 19.4%, reaching $5.03 billion. And while mainland gross domestic product grew 9.9%, the Suzhou economy roared forward 15.3%.

To read more:

http://www.businessweek.com/magazine/content/06_34/b3998455.htm