PR99879

BEIJING, April 3, 2023 /PRNewswire=KYODO JBN/ --

A news report from China Daily: China's leading innovation hub pledged on

Thursday to have "a long-term strategy" for its cooperation with Japan, and

announced new incentives aimed at attracting more investment as the number of

Japanese-funded enterprises in China's technological region passed 700.

Mao Wei, Party chief of Suzhou New District, or SND, in Jiangsu province, made

the remarks during a meeting with Japanese entrepreneurs in Tokyo.

"We will take cooperation with Japan as a long-term strategy for the

development of the SND and we look forward to sharing with our Japanese friends

the opportunities of openness, industrialization, innovation and green

development," said Mao.

As one of China's first national high-tech zones, the SND has pursued

developing high technology and achieving industrialization for the past three

decades.

Data showed that the number of Japanese-funded enterprises in the SND has

reached 703, with a total investment of over $20 billion, accounting for

one-third of such enterprises in Suzhou. Among them, there are 18 Fortune

Global 500 companies.

"It is because of this (innovation-driven strategy) and others that we could

achieve creating nearly 8 percent of Suzhou's economic output with only 2.5

percent of the land area," Mao said.

The SND had carried out a series of initiatives to improve the quality and

efficiency of services for Japanese companies.

"We will take the breakthrough of 700 Japanese-funded enterprises as a new

starting point, focus on creating a market-oriented, law-based and

internationalized business environment to improve the long-term service

mechanism, and provide professional and high-quality services for the

investment and development of Japanese enterprises," Mao said, adding that

companies that invest in the SND will be eligible for a range of benefits,

including tax credits and grants.

Yuji Kokubo, a developer of neutron generators, said it chose to invest in the

SND because it has a complete upstream and downstream industrial chain, a sound

policy support system, a good financial business with upgraded industrial

infrastructure and a professional service team.

Toshiaki Takeuchi, chairman of Nihon Dempa Kogyo, a crystal devices producer

that set up the first wholly foreign-owned factory in the SND, said: "I have

been deeply involved in the development of the SND for 29 years. During this

period, I have received warm support from the government."

SOURCE China Daily

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