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
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
Economy /  China Economy

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

Cissy Zhou
Cissy Zhou

Updated: 4:00pm, 17 Sep, 2019

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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
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
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