The city of Taicang had a booming and stable industrial economy from January to May, with the value of gross industrial output reaching 101.56 billion yuan ($16.47 billion), an increase of 4 percent from a year earlier.

Large-scale enterprises have become a powerful engine for the development of Taicang's economy, reporting a total industrial output of 79.3 billion yuan ($12.86 billion), up 7.3 percent year-on-year.

The city has been concentrating on transformation and upgrading of the industrial economy. It has built a series of distinctive industrial parks to attract more foreign investment.

Taicang will strengthen support for leading industries and emerging industries to maintain the sustainable growth of the economy.