Wuxi boasts thriving industries

An aerial view of Wuxi. [Photo/WeChat account: wuxidaily]

As an economic powerhouse in East China, Wuxi is home to a wide variety of industries ranging from traditional ones like manufacturing to rapidly developing sectors such as IoT and digital economy.

The added value of the city's secondary industry in the first quarter was 150.233 billion yuan ($22.35 billion).

Meanwhile, the added value of industries above a designated size in Wuxi experienced a 4.4 percent year-on-year increase from January to March, with computer communications and other electronic equipment manufacturing, special equipment manufacturing, and nonferrous metal smelting and pressing industries increasing more than 10 percent.

In the first three months of the year, there were 13 industrial companies in the city with a net increase in output value above one billion yuan.

The output value of the digital product sector continued to grow, with that of integrated circuit wafers, computers, and microcomputers increasing by 10.2 percent, 17 percent and 17.6 percent, respectively, on a yearly basis.

Strategic emerging and high-tech manufacturing industries made up 41.5 percent and 12 percent, respectively, of the output value of the city's industries above a designated size from January to March.

Meanwhile, investment in the intelligent manufacturing, IoT, and high-tech industries in Wuxi expanded 16.4 percent, 7.8 percent and 6.5 percent year-on-year, respectively.

In 2022, more than 1,000 manufacturing companies in the city will be transformed and upgraded, and 1,000 such companies are expected to develop into models of intelligent manufacturing.