The epidemic has made a great impact on Kunshan’s economic development, but the people of Kunshan are unswervingly opening up. Kunshan’s experience in promoting high-quality development at a higher level is worth promoting."Seeking opportunities in crisis": Trade protectionism and the coronavirus pandemic have had an impact on China's open economy, but the crisis also provides opportunities. The domestic and international epidemics have been mismatched in time. China takes the lead in resuming work and production, and the industrial chain is stable, ushering in opportunities for foreign investment. Kunshan's actual utilization of foreign capital this year exceeded US$1 billion, helping Kunshan to optimize its industrial structure.Stabilizing foreign trade: While fighting the epidemic, China urgently organizes enterprises to resume work and production to ensure the smooth operation of the industrial chain and supply chain of foreign trade enterprises. Kunshan helps companies expand markets, stabilize orders, reduce costs, and stabilize foreign trade.Accelerating the pace of institutional opening: The focus of institutional opening is the opening of rules and systems. This year, Kunshan further optimizes its business environment, explores the cooperation of industries, universities and research institutes, and embarks on a path of innovation-driven development that demonstrates Kunshan's characteristics.
