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FORTY YEARS OF CHINA’S REFORM AND OPENING POLICY: INNOVATIVE TRANSFORMATION OF SUZHOU INDUSTRIAL PARK AND ITS CONNECTION WITH THE ONE BELT AND ONE ROAD INITIATIVE

Zhang Min and Yuan Ding
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Zhang Min: Institute of European Studies, Chinese Academy of Social Sciences, Beijing
Yuan Ding: Institute of European Studies, Chinese Academy of Social Sciences, Beijing

Global Economic Observer, 2018, vol. 6, issue 2, 212-225

Abstract: China’s National Economic Zones (NEZs) recently have got new drivers for upgrading, innovative transformation as well as expanding new space for international cooperation since the undergoing supply-side structure reform goes to deep and the One Belt One Road initiative has been smoothly and fast implemented. Suzhou Industrial Park (SIP) as a one of most developed NEZs in China is taking this new opportunities to carry out the first open innovative and comprehensive experiment zone in order to realize upgrade version of China’s NEZs and provide new model of Suzhou industries zone as a pilot. From the following three aspects, this article makes deep analysis on explaining why Suzhou industrial Park has such an ambitious development goals and how make it successful transition to the open innovative and comprehensive experiment zone: firstly, SIP has become successful owing to the China’s reform and opening up policy with a strategic and forward-looking vision; Secondly, how does SIP take the innovative development path to realize the upgrade version of NEZ? Finally, the author predicts that the open innovative and comprehensive experiment will become a new engine to speed up SIP’s transformation and upgrading in the future.

Keywords: Suzhou Industrial Park; transformation and upgrading; innovation and development; open innovation comprehensive experiment; one belt and one road Initiative; China’s reform and opening policy (search for similar items in EconPapers)
Date: 2018-12
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