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Dual Cycle Boosts Regional Industrial Upgrading the Suzhou Experience as an Example

In: Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)

Author

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  • Yizhou Chen

    (Wenzheng College of Soochow University)

Abstract

In the context of the “double-cycle” pattern, Suzhou is a typical representative of the outer-cycle economy. Firstly, Suzhou has seized the opportunity to build up technological research and development and to promote interaction and cooperation between regions. Secondly, it has continued to promote key core technological innovations and prioritised the cultivation of new growth poles in the regional economy to feed technological development. Thirdly, it continues to improve policies such as technology subsidies and talent incentives in order to promote the marketisation of technical talent and foster the willingness of talent to develop together with the city. The city has made remarkable achievements in economic development. This paper is an interpretation of the new breakthroughs achieved by Suzhou's industries in the context of the “double cycle”, summarising the Suzhou experience in the transformation and upgrading of Suzhou's industries, and providing a model for future industrial upgrading in the Yangtze River Delta region with Suzhou's characteristics.

Suggested Citation

  • Yizhou Chen, 2023. "Dual Cycle Boosts Regional Industrial Upgrading the Suzhou Experience as an Example," Advances in Economics, Business and Management Research, in: Seifedine Kadry & Yingchen Yan & Junjie Xia (ed.), Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022), pages 369-375, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-124-1_44
    DOI: 10.2991/978-94-6463-124-1_44
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