Huqiu district (Suzhou New District) has detailed how to achieve major economic and social development goals for 2021.
1. Steadily upgrade industrial structure
The district will put more emphasis on medical equipment and bio-pharmaceutical industries, bringing in 600 such companies and helping realize industrial value of over 30 billion yuan ($4.6 billion).
It will continue to attract foreign investment and accelerate construction on 150 key projects with a total investment of 218.5 billion yuan. The district is expected to attract contractual foreign investment of $1 billion and put $1 billion foreign investment into actual use in 2021.
The district will hold consumption activities every quarter and help expand the international market for local products.
2. Make sci-tech innovation new force for economic growth
The district will roll out a three-year plan for local unicorn, gazelle, high-tech, and private technology companies.
It will create a more open and friendly environment and find more practical applications for scientific results. It will also incubate over 100 companies and help them realize accumulated revenue of over 6 billion yuan.
3. Promote reform and opening-up for institutional innovation
The district will play a more active role in the integrated development of the Yangtze River Delta region, deepen reform in key industries, further open up to Japanese companies, and grasp new opportunities brought about by the Regional Comprehensive Economic Partnership (RCEP).