Home > Latest

Wuxi's GDP up 5.7% in Q1

Updated : 2025-05-08
(en.wuxi.gov.cn)

wechat_2025-05-08_095744_276.jpg

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

Wuxi in East China's Jiangsu province achieved a regional GDP of 378.921 billion yuan ($52.37 billion) in the first quarter of this year, marking a 5.7 percent year-on-year increase, local media reported.

This puts the city on track to meet its annual target of over 5 percent GDP growth.

Wuxi's economic strength stems from its real economy. Driven by the upgrading of traditional industries and the emergence of new business models, Wuxi's industrial sector witnessed consistent enhancements in quality during the first three months, with the added value of industrial enterprises above a designated size growing by 7.5 percent year-on-year.

The value added by the top 10 industrial sectors all experienced positive growth compared to the previous year, with notable achievements in the computer, communication, and other electronic equipment manufacturing industry, the textile industry, and the automobile manufacturing industry, which all achieved double-digit growth.

While traditional industries performed well, the city's promising future industries are also attracting attention. Data reveals that the added value of the high-tech manufacturing industry surged by 10.3 percent year-on-year, surpassing the average industrial growth rate by 2.8 percentage points and contributing to an overall industrial growth increase of 3 percentage points.

From January to March, various consumer promotion policies have further unleashed consumption potential in Wuxi, with the total retail sales of consumer goods in the city reaching 121.14 billion yuan, up by 4.9 percent year-on-year.

Since the start of this year, Wuxi has introduced first stores of various brands spanning catering, retail, and cultural entertainment, with numerous renowned brands signing agreements to establish a presence in the city. The arrival of each flagship store brand has been warmly received by local consumers, resulting in direct consumption growth.

     
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