A news report from China Daily: China's leading innovation hub pledged on 
Thursday to have "a long-term strategy" for its cooperation with Japan, and 
announced new incentives aimed at attracting more investment as the number of 
Japanese-funded enterprises in China's technological region passed 700.

Mao Wei, Party chief of Suzhou New District, or SND, in Jiangsu province, made 
the remarks during a meeting with Japanese entrepreneurs in Tokyo.

"We will take cooperation with Japan as a long-term strategy for the 
development of the SND and we look forward to sharing with our Japanese friends 
the opportunities of openness, industrialization, innovation and green 
development," said Mao.

As one of China's first national high-tech zones, the SND has pursued 
developing high technology and achieving industrialization for the past three 
decades.

Data showed that the number of Japanese-funded enterprises in the SND has 
reached 703, with a total investment of over $20 billion, accounting for 
one-third of such enterprises in Suzhou. Among them, there are 18 Fortune 
Global 500 companies.

"It is because of this (innovation-driven strategy) and others that we could 
achieve creating nearly 8 percent of Suzhou's economic output with only 2.5 
percent of the land area," Mao said.

The SND had carried out a series of initiatives to improve the quality and 
efficiency of services for Japanese companies.

"We will take the breakthrough of 700 Japanese-funded enterprises as a new 
starting point, focus on creating a market-oriented, law-based and 
internationalized business environment to improve the long-term service 
mechanism, and provide professional and high-quality services for the 
investment and development of Japanese enterprises," Mao said, adding that 
companies that invest in the SND will be eligible for a range of benefits, 
including tax credits and grants.

Yuji Kokubo, a developer of neutron generators, said it chose to invest in the 
SND because it has a complete upstream and downstream industrial chain, a sound 
policy support system, a good financial business with upgraded industrial 
infrastructure and a professional service team.

Toshiaki Takeuchi, chairman of Nihon Dempa Kogyo, a crystal devices producer 
that set up the first wholly foreign-owned factory in the SND, said: "I have 
been deeply involved in the development of the SND for 29 years. During this 
period, I have received warm support from the government."

SOURCE China Daily

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