SIP meaning in Regional ?

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What is Suzhou Industrial Park mean?

The China–Singapore Suzhou Industrial Park (simplified Chinese: 中国—新加坡苏州工业园区; traditional Chinese: 中國—新加坡蘇州工業園區; pinyin: Zhōngguó—Xīnjiāpō Sūzhōu Gōngyè Yuán Qū), or Suzhou Industrial Park for short, abbreviated as SIP, is a county-level administrative area located in Suzhou, Jiangsu, China. The industrial park was established in February 1994, as part of the reform and opening up campaign in the 1990s, and is unique in its joint governance by Chinese and Singaporean officials. While the park struggled at first, and attracted international notoriety following a very publicized falling out between the two sides, it quickly began making a profit due to highly desirable real estate and the presence of many large global corporations, and remains an economic engine for the city.

The Suzhou Industrial Park spans an area of 278 square kilometres (107 sq mi), and has a population of 807,800 permanent residents, per a 2019 publication released by the industrial park.

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Posted on 13 Dec 2024, this text provides information on Miscellaneous in Regional related to Regional. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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