Home to 5,000 foreign enterprises – many of them exporters – Suzhou Industrial Park saw its exports decline 10 per cent over the first seven months of 2019 compared to a year earlier. Imports, meanwhile, have fallen 15 per cent. Photo: Handout
Trade war and economic slowdown leave giant Chinese industrial estate scrambling to keep foreign companies
- Spanning an area five times the size of Manhattan, Suzhou Industrial Park contributed 14 per cent of Suzhou’s economy in the first seven months of 2019
- Trade war has hit exports and forced some companies to leave, but government subsidies and shift in production patterns convincing some to stay in China
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China economy
Home to 5,000 foreign enterprises – many of them exporters – Suzhou Industrial Park saw its exports decline 10 per cent over the first seven months of 2019 compared to a year earlier. Imports, meanwhile, have fallen 15 per cent. Photo: Handout