View the photos here:
http://wayangparty.com/?p=7610
Background:
The China-Suzhou Industrial Park (SIP) was set up in 1994 at the outskirts of the Suzhou City in Jiangsu province with the help of Singapore funds and expertise. Singapore owned a 65% stake in the park.
Even as the park was being constructed, the Suzhou City government set up Suzhou New District Industrial Park (SND) right next to SIP. It was the exact replica of the Singapore model.
As the Suzhou City government had a majority stake in SND, it largely ignored the SIP and concentrated on promoting the SND instead.
After incurring losses of some US$90 million over 5 years, the Singapore consortium lowered its stake to 35 percent, raising the Chinese consortium’s stake to 65 percent from 35 percent and reducing the Singaporean share from a planned 70 sq.km. to just 8 sq.km
One year after Singapore lowered its stake, the park made its first profit of $3.8 million.
http://wayangparty.com/?p=7610
Background:
The China-Suzhou Industrial Park (SIP) was set up in 1994 at the outskirts of the Suzhou City in Jiangsu province with the help of Singapore funds and expertise. Singapore owned a 65% stake in the park.
Even as the park was being constructed, the Suzhou City government set up Suzhou New District Industrial Park (SND) right next to SIP. It was the exact replica of the Singapore model.
As the Suzhou City government had a majority stake in SND, it largely ignored the SIP and concentrated on promoting the SND instead.
After incurring losses of some US$90 million over 5 years, the Singapore consortium lowered its stake to 35 percent, raising the Chinese consortium’s stake to 65 percent from 35 percent and reducing the Singaporean share from a planned 70 sq.km. to just 8 sq.km
One year after Singapore lowered its stake, the park made its first profit of $3.8 million.
