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​Zhangjiagang's economy sees growth in 2021

LMS
chinadaily.com.cn|January 20, 2022

Zhangjiagang in Suzhou, East China's Jiangsu province, has made significant economic achievements in 2021, data released by the city's statistics bureau showed.


Zhangjiagang's gross regional product reached 303.02 billion yuan ($47.71 billion) last year, up 8 percent year-on-year and making it the third county-level city in China to surpass 300 billion yuan. Its per capita gross regional product was $33,000.


The output of enterprises above designated size in the city totaled 584.24 billion yuan in 2021, a year-on-year increase of 19.7 percent. Four of the five major industries in Zhangjiagang, namely the metallurgical industry, mechanical and electrical industry, chemical industry and food industry, registered growth over 2020.


In 2021, investment in emerging industries in the city hit 19.91 billion yuan, up 16.3 percent year-on-year and accounting for 35.9 percent of all investment. The figure for high-tech sectors was 3.96 billion yuan, up 12.6 percent year-on-year with a proportion of 7.1 percent.


Fixed asset investment, retail sales of consumer goods, and foreign trade in Zhangjiagang rose by 5.4 percent, 33.3 percent, and 29.6 percent year-on-year respectively.


The per capital disposable income of Zhangjiagang residents was 66,101 yuan, up 9 percent year-on-year, and the gap between urban and rural residents in terms of per capita disposable income further narrowed last year.