Singapore firms in Jiangsu attracted by its preferential policies, lush natural environment and proximity to major cities. Read more at straitstimes.com.
When ST visited the island, joggers and cyclists braved a rare sandstorm to navigate a round-island exercise route that recently hosted the Nanjing Half Marathon.Jiangsu – whose economy was worth 12.3 trillion yuan in 2022, second only to manufacturing powerhouse Guangdong – has been pouring money into science and technology as it competes in the innovation space with other provinces like neighbouring Zhejiang and Guangdong.
To attract such innovative companies to Jiangsu, the local government has rolled out a slew of preferential policies. “It’s like the Boston of China, where there are a lot of institutions with access to a lot of local and international talent. On the government level, they have been very professional and offer us a lot of support.”
Singapore renewable energy firm EagleRE also chose to expand into Suzhou after setting up its first Chinese office in Shanghai. Nearly 90 per cent of their projects are in China, creating renewable energy solutions for industrial parks.
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