Liang Fook Lye

This book studies the Suzhou Industrial Park, a flagship project between the governments of Singapore and China, in a holistic manner, by highlighting not only its economic progress but also the developments on the social front such as its neighbourhood centres, schools, housing and talent attraction. The success of the Park should be assessed keeping in view not only its economic achievements alone, but also its ability to attract residents to live and play in it. Making the Suzhou Industrial Park economically and socially attractive is thus a perennial challenge and remains key to the continued success of the industrial park. This book details Suzhou Industrial Park's latest effort in industrial upgrading and transformation in terms of new growth areas as well as the challenges faced. It examines the social achievements of the Park, which are critical in enhancing the overall attractiveness of the Park and distinguishes it from other industrial parks in China and elsewhere. It also highlights how the experiences of the Suzhou Industrial Park is being replicated not only in the Jiangsu province, but also in other provinces and autonomous regions in China.

With the new team of Chinese leaders at the helm following the successful hosting of the 16th Party Congress in November 2002, the attention of China's scholars has now shifted to the raft of challenges that await the new leadership. In the economic realm, there is unlikely to be any sharp changes in the direction of economic policy-making although the leadership faces a number of daunting issues, such as rising urban unemployment, potential rural unrest and the huge debt burden of state banks. In the political arena, power succession has only just begun even though leadership transition is almost complete. Jiang Zemin remains highly influential in his capacity as Chairman of the Central Military Commission. It is however unclear how the working relationship among the triumvirate Hu Jintao, Zeng Qinghong and Wen Jiabao will unfold. The jury is still out whether Hu Jintao can provide the leadership and vision to deal head-on with a number of burning issues, like corruption and the need for political reform.