Home > Statistics

Wuxi's GDP up 5.8% year-on-year in Q1-Q3

Updated : 2023-10-27
(en.wuxi.gov.cn)

640 (2).jpg

A bird's eye view of Wuxi. [Photo/Wuxi Daily]

The GDP of Wuxi in East China's Jiangsu province grew by 5.8 percent year-on-year in the first three quarters of 2023 to over 1.1 trillion yuan ($150.37 billion), posting a steady recovery despite downward pressures, the Wuxi municipal bureau of statistics said on Oct 26.

Industries were the support of the city's stable economic growth. The added value of its first, second, and tertiary industries was valued at 8.09 billion yuan, 517.43 billion yuan, and 574.54 billion yuan respectively in the first nine months, up 1.6 percent, 6.8 percent, and 5.0 percent year-on-year.

640.jpg

An intelligent workshop in Wuxi. [Photo/Wuxi Daily]

Viewed from the major industrial sectors, the added value of electrical machinery, steel, chemical engineering, nonferrous metals, rubber, and plastics in Wuxi experienced double-digit increase during the same period.

High-level opening up efforts showcased Wuxi's attractiveness to foreign investment. In the January-September period, the actual use of foreign capital in the city surged 9.8 percent year-on-year to $3.63 billion and local authorities approved 360 foreign-invested projects, 31 more than that last year.

640.gif

Nianhua Bay, a popular attraction in Wuxi, lights up at night. [Photo/Wuxi Daily]

From January to September, fixed-asset investment in the city expanded by 9.8 percent compared with a year earlier, reaching 341.71 billion yuan with investment in strategic and emerging industries increasing by 15.6 percent.

Wuxi also saw an orderly recovery in consumer markets in the first three quarters of this year. Retail sales in the city rose by 7.2 percent compared to the same period last year to 266.15 billion yuan. Forty-four key retail sales enterprises generated 893 million yuan during holiday periods, up 8.8 percent from last year.

     
Videos
 
67df97dca310c240e2431499.jpeg

2025 Wuxi Marathon kicks off

微信截图_20250303090633.jpg

Wuxi's spring starts from Plum Garden

67a412dca310a2ab87b65ce1.jpeg

Sculpting the imagination

微信截图_20241129102133.jpg

Where to go hiking in Yixing

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