Emerging industries drive SND's development in H1

A bird's-eye view of Suzhou New District. [Photo by Ding Daxiang/WeChat account: snd-szgxqfb]

Statistics showed that in the first half of the year, Suzhou New District's GDP reached 77.9 billion yuan ($12.02 billion), up 15.7 percent year-on-year, the highest growth rate in the city.

SND's investment in emerging industries was 5.39 billion yuan, up 45.5 percent year-on-year, among which the biological and new medicine industry surged by 265.5 percent year-on-year, while the software and integrated circuits industry grew 68 percent year-on-year. The investment in projects with more than 100 million yuan increased 20.2 percent year-on-year to 8.61 billion yuan.

Actions like introducing universities and institutes, establishing industrial incubators, offering supportive financial policies, as well as forming emerging industry clusters all contributed to SND's GDP growth in the first half of the year.

SND launched the establishment of Jiangsu Medpark, a leading medical device industrial park, on May 8, further boosting its high-end medical equipment industry.

SND is home to nearly 300 medical equipment companies, such as Thermo Fisher Scientific, Heng Rui Pharmaceuticals, as well as Yuwell Medical Equipment and Supply Co. Its medical equipment and bio-pharmaceutical industry has maintained an annual growth rate of 30 percent in output value.

In addition, SND has also been enhancing the development of emerging industries. In 2000, the annual output value of its new generation information technology industry, including the internet, integrated circuits, big data, as well as cloud computing, exceeded 100 billion yuan. Its smart manufacturing industry, including digitalization and smart equipment manufacturing, achieved 100 billion yuan in annual output value. The annual output value of its new energy industry, including photovoltaic new energy and new energy power batteries, reached 20 billion yuan.

Based on these positive results, SND aims to form three key 10-billion-yuan industrial chains, covering semiconductors and integrated circuits, software and information services, as well as digital economy.

It also strives to form an industrial layout integrating two leading industries, which are new generation information technology and high-end equipment manufacturing, six emerging industries, which are the medical equipment and biomedicine, green and low-carbon, integrated circuits, aerospace, digital economy, and modern service industries, as well as future industries like blockchain, artificial intelligence, quantum technology, and cutting-edge new materials.