The Suzhou industrial park(SIP) was established in February 1994. It is unique in its joint governance by Chinese and Singaporean officials.In 2020, biomedicine, nanotechnology application and artificial intelligence industries will achieve an output value of 102.2 billion yuan, 101 billion yuan and 46.2 billion yuan respectively. By the end of 2020, there were more than 1837 national high-tech enterprises, 86 unicorn. Suzhou Industrial Park is located in the eastern part of the ancient city of Suzhou and is connected with major cities in the world by a well-developed network of expressways, railways, waterways and air routes. The rail transit will reach Shanghai in 20 minutes and Nanjing in 60 minutes, integrating into the urban rail life with Shanghai, Nanjing and Hangzhou.