The city of Suzhou in east China’s Jiangsu province has coordinated the epidemic prevention and control and economic and social development since the beginning of this year so as to be able to actively respond to various risks and challenges such as the adversities from the Sino-US trade frictions and the introduction and settlement of foreign capital has reached a new high through the continuous improvement of its economic performance.
Grundfos, the first Nordic company to settle in Suzhou Industrial Park, recently celebrated its 25th anniversary.
As a leader in the field of global water pump production, Grundfos has invested more than 1.3 billion yuan in Suzhou since its establishment in China and established factories in Suzhou and Wuxi, and a research and development center in Suzhou.
The continued increase in investment is due to the company's confidence in the Chinese market and the development dividends brought by the continuous optimization of the business climate in Suzhou and the entire Jiangsu.
Duan Bo, Vice President of Global Commercial Building Services and Asia Pacific Operations, GrundfosGovernment services can be seen from the transparency of all aspects of the business environment which has empowered our confidence and expand our investment in Suzhou.The Suzhou factory is our second in the world and we will introduce some core technologies and processes starting next year.
In recent years, Suzhou has continued to create a legal, international, and convenient business environment, injecting high-quality development momentum into a new round of high-level opening up.
Since the beginning of this year, many major foreign investment projects such as the Starbucks Coffee Innovation Industrial Park and the Costco have successively landed in Suzhou.
Suzhou is also continuously accelerating the advancement of industrial intelligent transformation and digital transformation, creating a more international livable and business-friendly environment and promoting various kinds of cooperation at the fastest possible speed.
At present, Suzhou registers 17 thousand registered foreign-invested enterprises with foreign direct investment exceeding 137 billion US dollars. From January to October this year, the city registered the introduction of 5.24 billion US dollars, up 20% year on year.
