Agreement to promote innovation and opening-up of Suzhou's trade in services

Nov 8, 2018|By Tong Wangyue

The China Service Trade Innovation and Development Guide Fund signed a strategic cooperation agreement with Suzhou Industrial Park and Suzhou Oriza Holdings Co Ltd at the China-Singapore Trade in Services Innovation Forum held yesterday, offering 10 billion yuan (US$1.44 billion) of investment fund to support chiefly the opening-up of Suzhou’s service industry.

The forum is the only CIIE session themed in China-foreign cooperation in service trade. Suzhou is a pilot city for service trade innovative development.

"The forum will help promote the high-end transformation of Suzhou manufacturers,” said Sun Jingxia, deputy director of the SIP administration committee.

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