China and Singapore agreed yesterday to develop Suzhou
Industrial Park as the world's most competitive high-tech
industrial base.
Vice Premier Wu Yi and Singaporean Deputy Prime Minister Wong
Kan Seng co-chaired the eighth meeting of the joint steering
committee of the Sino-Singaporean cooperative project launched in
1994.
The committee set targets to be reached by 2010, including
maintaining an economic growth rate of 20 percent and doubling
major economic indexes from those of last year.
The committee praised the progress in construction and
development since the seventh meeting in May 2004, noting that
annual economic growth had remained at 25 percent.
The park had approved 981 foreign-invested projects, with a
contractual investment of US$25.8 million and actual investment of
US$11 billion.
The park had sent 374 staffs for training in Singapore since May
2004.
Wong is paying an official visit to China from August 21 to 27
at the invitation of Wu.
(Xinhua News Agency August 25, 2006)
