Suzhou promotes green, smooth industrial and supply chains with digital economy

SUZHOU,China,Aug. 3,2022 --ASEAN Plus Three (10+3) Forum on Industrial Chain and Supply Chain Cooperationkicked off in Suzhou on Friday,its sub-forum on digital economy under thespotlight. Suzhou,as a global industrial city advantageous in the openeconomy,shared new ways to promote digital infrastructure construction,innovative application of digital technologies and green development ofindustrial chain and supply chain in the region,according to the OrganizingCommittee of ASEAN Plus Three Forum.

The Gate of the Orient in Suzhou

Suzhou boasts a sound industrial ecosystem and business environment. In recentyears,the city has been making active efforts to promote the development ofthe digital economy,digital transformation,green and quality development bystrengthening digital thinking and the philosophy of green development. In2021,the value added of core industries in the digital economy hit 330 billionyuan ($48.84billion),accounting for 14.6% of the city's GDP. More than 10,000 projects have completed intelligent transformation and digital reforming. Meanwhile,information technology,biomedicine and other pioneering industrieshave been actively laid out.

Three production bases of Panasonic in China have achieved net-zero emissionsthrough digital transformation and green development,according to Zhao Bingdi,director and president of Panasonic China investing and building factories inSuzhou for many years. By 2050,Panasonic can reduce 110 million tons of CO2emissions.

Suzhou is the hub for Japanese and South Korean investment in China. It is hometo 2,794 companies funded by ASEAN member states,2,987 Japan-investedcompanies and 2,452 ROK-invested companies,with their direct investment foractual use reaching $15.01 billion,$13.71 billion,and $5.93 billionrespectively.

Suzhou Municipal Development and Reform Commission said in a five-yeardevelopment plan for the city that it will continue to implement the strategyof digital transformation to build Suzhou into a first-class,globally renownedhub for the development of the digital economy in China.

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Caption: The Gate of the Orient in Suzhou