Home > Latest

Wuxi's GDP growth hits 4.9% in Q1

Updated : 2023-04-28
(en.wuxi.gov.cn)

640.jpg

A view of Wuxi. [Photo/Wuxi Daily]

The GDP of Wuxi in East China's Jiangsu province expanded by 4.9 percent year-on-year in the first quarter of this year to nearly 339.18 billion yuan ($48.98 billion), local media outlets reported on April 27.

Main economic indicators show that the fixed asset investment, added value of industrial companies above designated size, and total retail sales of consumer goods in the city increased 5.5 percent, 6.1 percent, and 8.8 percent year-on-year respectively.

The actual use of foreign capital in Wuxi surged 30.7 percent year-on-year to nearly $1.69 billion, including $726 million of investment in high-tech industry, up 62.4 percent year-on-year.

For example, in February, the Germany-headquartered best-known heating brand Vaillant invested about $360 million to build a research and manufacturing base in Wuxi, its only such base outside Europe.

As of the end of March, Wuxi was home to more than 1.1 million market entities and the number of top 500 Chinese enterprises, top 500 Chinese manufacturing enterprises, top 500 Chinese service suppliers, and top 500 Chinese private businesses in Wuxi totaled 85, ranking first in Jiangsu.

In the first three months of this year, the per capita disposable income of residents in the city reached 21,613 yuan, up 3.9 percent from last year, and the city's urban-rural income ratio was narrowed to 1.27:1.

     
Videos
 
微信截图_20241028140116 - 副本.jpg

Huishan Ancient Town among 20 must-visits in YRD

微信截图_20241017092432 - 副本.jpg

Chinese cultural relics on display at Wenyuan Lane

70004_2d977425-10b8-46e9-91a7-5832706f96b4.jpg

Germans engrossed by Jiangsu culture

微信图片_20240920103914.jpg

Jiangsu Week of Chinese Folk Music kicks off in Germany

News
Sports
Videos
Photos
Business
Biz Updates
Industries
Development Zones
Companies
Travel
Attractions
Dining
Accommodation
Shopping
Entertainment
Transportation
Maps
Culture
Culture News
Heritage
Museums
Events
Services
Visa
Marriage
Healthcare
Jobs
Education
Useful Info
Government
Mayor
Departments
Districts
Policies
About
Overview
Statistics
Sister Cities
E-books
Copyright © China Daily. All rights reserved.
The Information Office of Wuxi Municipal People's Government.
Presented by China Daily.
备案号:京ICP备13028878号-34