The China–Singapore Suzhou Industrial Park (simplified Chinese: 中国—新加坡苏州工业园区; traditional Chinese: 中國—新加坡蘇州工業園區; pinyin: Zhōngguó—Xīnjiāpō Sūzhōu Gōngyè Yuán Qū), or Suzhou Industrial Park for short, abbreviated as SIP, is a county-level administrative area located in Suzhou, Jiangsu, China. The industrial park was established in February 1994, as part of the reform and opening up campaign in the 1990s, and is unique in its joint governance by Chinese and Singaporean officials. While the park struggled at first, and attracted international notoriety following a very publicized falling out between the two sides, it quickly began making a profit due to highly desirable real estate and the presence of many large global corporations, and remains an economic engine for the city.