Wuxi's GDP up 0.8% in H1

The regional gross domestic product (GDP) of Wuxi, East China's Jiangsu province rose 0.8 percent year-on-year to 551.6 billion yuan ($78.6 billion) in the first half of this year, local authorities said on July 23.

The value-added output of the secondary industry increased by 0.6 percent year-on-year to 250.3 billion yuan in H1, while that of the tertiary industry witnessed a 1.0-percent year-on-year growth to 296.8 billion yuan in the same period, said Yang Jinchao, deputy director of the Wuxi municipal statistics department.

The output of Wuxi's industrial strategic manufacturing sector reached 283.8 billion yuan in H1, accounting for 35.4 percent of the total output of the city's industrial enterprises above designated size. This proportion has increased by 7.3 percent from 2019.

From January to May, the total profit of the high-tech manufacturing industry above designated size recorded a year-on-year growth of 23.2 percent to reach 8.4 billion yuan despite the recession in that period.

The production capacity of most of the top 100 enterprises in Wuxi National Hi-tech District has returned to normal, according to officials. More than 20 companies have started business in the newly established Wuxi International Life Sciences and Innovation Park.

The investment in the information transmission and IT service sector, which covers industries including 5G, data centers, and industrial internet, rose by 10.8 percent year-on-year in H1.

The COVID-19 epidemic reshaped China's consumption mode to some extent, with online consumption becoming a bright spot in the first half, said Yang.