The China-Singapore Suzhou Industrial Park is an industrial park built in Suzhou, China with significant Singaporean input. In the late 1990s, the heavy losses incurred by the park caused a minor scandal in Singapore. SIP has a total jurisdiction area of 288 sq km, of which, the China-Singapore cooperation area covers 80 sq km with a planned residential population of 1.2 million. The China-Singapore Joint Steering Council led by Chinese Vice Premier Wu Yi and Singapore Deputy Prime Minister Wong Kan Seng will hold meeting every year to give directions for the development of SIP.
For education, in SIP, there is Suzhou Dushu Lake Higher Education Town, one of the government's key projects. It has a total area of 25 sq km, and around 400,000 people, 100,000 of whom are students. Its goal is to offer good education, advanced technology, and a pleasant living environment. The area is home to many universities (undergraduate as well as graduate schools) including local Chinese universities and universities from other countries. This community focuses on producing educated and creative people (to the extent that Chinese students can be made creative).
Xi'an Jiaotong-Liverpool University
In May 2006, Suzhou Industrial Park became the location for the first Sino-British University to be approved by the Chinese Ministry of Education when, in partnership with Xi’an Jiaotong University, the University of Liverpool opened a joint University known as the Xi’an Jiaotong-Liverpool University (XJTLU). This is an independent University, offering degree courses in Architecture, Electronics, Communications, Computer Science, and Management (including Financial Mathematics and E-commerce). When fully operational, this independent university will have a student population of up to ten thousand.
Suzhou New District
SIP was built near-simultaneously with the competing Suzhou New District (SND) industrial park. As the Suzhou city government had only a minority (35%) stake in the SIP, while they had a major stake in SND, the city government largely ignored 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. The Chinese side appointed Wang Jinhua, vice-mayor of Suzhou and the former manager of the New District, as the new chief executive. In 2001, one year after Singapore lowered its stake, the park made its first profit of $3.8 million.