SND sees steady economic growth from Jan to May

A bird's-eye view of Suzhou New District. [Photo by Ding Daxiang/WeChat account: snd-szgxqfb]

Suzhou New District in East China's Jiangsu province provided an update on its economic results on June 29.

Statistics show that from January to May, the district's general public budget stood at 9.19 billion yuan ($1.42 billion), an 18.2 percent year-on-year rise. Industrial output value above designated level reached 135.05 billion yuan, up 27.6 percent year-on-year, while total investment in fixed assets reached 20.78 billion yuan, up 17.3 percent from the previous year.

Other profit-making services above designated level generated a combined revenue of 12.01 billion yuan, up 62.6 percent over the previous year, and ranking first in terms of growth rate in the city.

SND's industrial investment also reached 3 billion yuan, up 9.1 percent year-on-year.

In terms of developing key projects, 35 provincial, 37 municipal and 151 district key projects received 2.27 billion, 12.74 billion and 17.1 billion yuan in investment respectively, making up 42.8 percent, 60.1 percent and 41.2 percent of the annual investment plan.

SND saw a steady increase in foreign business. The number of foreign-funded projects (including capital-increased ones) increased by 72. The import and export volume of the district reached $16.95 billion, a year-on-year growth of 28.8 percent.

SND has also been focusing on technological innovation. It has four provincial science and technology business incubators recommended by Suzhou.