Wuxi's industrial output exceeds 1 trillion yuan in H1

Wuxi's industrial output above designated size rose 28.6 percent year-on-year in the first six months of this year, amounting to 1.026 trillion yuan ($158.39 billion), according to the local bureau of industry and information technology.

It is the first time the important economic indicator has exceeded 1 trillion yuan, with the city's industrial production rebounding steadily.

The industrial value-added output above designated size reached 237.27 billion yuan, a year-on-year increase of 21.4 percent.

Heavy investment by leading enterprises such as Huahong Group and SK Hynix contributed greatly to the rapid growth of Wuxi's integrated circuit sector.

The first phase of Huahong Group's IC research and development, as well as the manufacturing center in the Wuxi National Hi-tech District, began operating at full capacity in May.

The first phase is now able to produce 40,000 sets of IC chips a month, with a processing technology platform that includes emerging applications like mobile communications, internet of things, smart homes, artificial intelligence, and new energy vehicles.

Output of IC enterprises in Wuxi increased by 57.4 percent year-on-year in the first half of this year, accounting for about 12.5 percent of the country's total output, an increase of 0.8 percentage points from the end of last year.

From January to June this year, the city's strategic emerging industries reported a year-on-year increase of 32.6 percent in the output value of industrial enterprises above designated size, which was 4 percentage points higher than the city's average. The output value of high-tech industries accounted for 48.8 percent of the city's total.