Wuxi posts 13.7% increase in GDP in H1

The gross domestic product of Wuxi, East China's Jiangsu province totaled 649.92 billion yuan ($100.31 billion) in the first half of this year, a year-on-year increase of 13.7 percent, the local statistical bureau announced on July 20.

The added value of the primary industry, secondary industry, and tertiary industry in the city reached 4.89 billion yuan, 304.04 billion yuan, as well as 340.99 billion yuan respectively, a year-on-year increase of 4.7 percent, 16.2 percent, and 11.8 percent.

In the first half of the year, Wuxi's emerging industries saw rapid economic recovery.

The output value of its equipment manufacturing industry increased by 31.4 percent year-on-year, with an average growth rate of 14.5 percent over two years. The growth rate of its electrical machinery, general equipment, special equipment, and other industries exceeded 28 percent.

The output of Wuxi's industrial products has grown rapidly. Among its 30 key industrial products, the growth rate of lithium-ion batteries, integrated circuits, and semiconductor discrete devices reached 58.8 percent, 57.4 percent, as well as 51.7 percent respectively.

The number of Wuxi-based listed enterprises increased by seven in the first half of the year. The newcomers include Jiangsu Bide Science and Technology Co, as well as Wuxi ETEK Micro-Electronics Co.

By the end of June, the total market value of listed companies in Wuxi has exceeded 1.6 trillion yuan. Four enterprises, which are mainly involved in emerging industries like biomedicine, integrated circuits, and high-end equipment manufacturing, reported that their market value exceeded 100 billion yuan.

The per capita disposable income of Wuxi residents reached 32,258 yuan, a year-on-year increase of 13.7 percent and an average two-year growth rate of 8 percent, 0.2 percentage points higher than the provincial average.