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Wuxi's GDP rises 7.1% in first three quarters

(chinadaily.com.cn)
Updated: 2015-10-27

During the first three quarters of the year, Wuxi's gross regional domestic product totaled 613.5 billion yuan ($96.59 billion), an increase of 7.1 percent over the same period in 2014, according to the local statistics bureau.

The added value of the primary sector (including agriculture, forestry, animal husbandry and fishery and services in support of these industries) was 9.28 billion yuan, an increase of 2.7 percent over the same period in 2014, that of the secondary sector (including the mining, manufacturing and power sectors) was 304.62 billion yuan, up 5.2 percent; and that of the tertiary or service industry reached 299.61 billion yuan, an increase of 9.6 percent.

The proportion of the added value of China's service industry in GDP advanced 1.8 percent points to 48.8 percent.

Wuxi's consumer price index was 101.8 during the period, with commodity prices up 1.8 percent over the same period in 2014.

Its total retail sales of consumer goods rose 8.8 percent to 207.15 billion yuan.

Industries went up steadily. The added value of the enterprises that bring in annual income of 200 million yuan or more hit 215.37 billion yuan, a rise of 4.2 percent over the same period in 2014.

The past three quarters saw 24,411 new registered companies in Wuxi, an increase of 22 percent. Of them, 22,737 were private ones, up 23.2 percent over 2014.

From January to August, Wuxi received a total of 29,422 patent applications, an increase of 11.7 percent. The number of invention patent applications surged dramatically, growing 83.5 percent to 3,235.

Facing deep economic structural adjustment, Wuxi is injecting new impetus into its already sound economy.

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