Online Extra: Suzhou Wants Your Business – Dexter Roberts

From BusinessWeek:

Not so long ago, Suzhou was known as a sleepy city of gardens, temples, and canals. A favorite on the tourist circuit, it was basically a business backwater. But over the past decade Nokia, Samsung, Philips, Dupont, Emerson, Honeywell International, 3M, Bosch, and Delphi have poured billions of dollars into , making it one of China’s most popular investment destinations and an emerging competitor to Shanghai, Shenzhen, and Beijing.

A confluence of geography”it’s close to Shanghai, but land and labor are cheaper by 20% to 30%”well-developed infrastructure, pleasant location and climate, plus an extremely pro-business local government, have all conspired to make Suzhou a raging success. “The major criticism of China”you could come here and it was cheap, but it was always a pain to get things done”Suzhou shows it doesn’t have to be that way,” says Kent D. Kedl, executive director of Technomic Asia, a Shanghai business consultancy for investors coming to the mainland.[Full Text]

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