Suzhou New District was established by the
Central People's Government on November 18, 1992. Its establishment aimed to relocate industrial operations from Suzhou's historic center to the outskirts in order to preserve cultural and historical significance while facilitating economic growth. It was one of the first industry parks opened to attract foreign investors from
APEC countries. It served as an export base for technology-related services and products in China. The establishment of Suzhou New District helped facilitate Suzhou's successful efforts to obtain
UNESCO World Heritage site designation for the
Classical Gardens of Suzhou in 1995. Up to the end of 2003, the district has attracted a total of over 800 foreign projects including 40 multinational corporations. Foreign investment has reached over US$6 billion while the actually utilized investment reached US$3.4 billion. The district attracts many different types of industries, including consumer electronics, information technology, precision instruments, biotechnology, and pharmaceuticals. ==Education==