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Friday, November 18, 2016
"Suzhou Mode" not the end of Suzhou's economy
ANBOUND

Recently, the Chinese media reported a number of traditional foreign trades are facing economic development difficulty. Among them, the most typical is the city of Suzhou. The success of Suzhou's export-oriented economy is well known in China; its GDP ranks fifth in the country. However, the "New Normal" and the economic transformation have impacted Suzhou's economy. However, the pressures caused by the economic transformation will not spell the end of Suzhou’s economy. Anbound’s research shows that some of China’s manufacturing industries have been revitalized; this is especially true where some private enterprises have begun to rely on information technology to transform. Compares with our researches in Shandong, Suzhou’s manufacturing industry and its technology have better quality. If opportunities are seized to upgrade the industry and complete the transformation relying on the market, Suzhou’s economic transformation will fare better than areas without the industry.

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