Wuxi's GDP shows strong resilience

Despite the complexity of the global and domestic environment, the GDP of Wuxi in East China's Jiangsu province in the first nine months stood at 1.05 trillion yuan ($143.90 billion), up 2.5 percent year-on-year, according to the Wuxi municipal bureau of statistics.

In the first three quarters of the year, the city's value-added industrial output grew by 4.7 percent compared to the same period last year, while in the first half it rose by 2.2 percent from a year earlier.

The added value of the city's high-tech manufacturing, information transfer software and information technology service, and scientific research and technology service industries increased 8.4 percent, 12.3 percent, and 15.2 percent year-on-year, respectively.

Fixed-asset investment – a gauge of expenditures on items including infrastructure, property, machinery and equipment – rose by 0.6 percent year-on-year in the first three quarters in the city, up 0.5 percentage points from the first six months of the year.

From January to September, Wuxi's imports and exports grew 12.8 percent year-on-year, reaching 554.36 billion yuan. Exports jumped 21.3 percent to 363.09 billion yuan.

The city exported goods worth 110.22 billion yuan to countries involved in the Belt and Road Initiative, up 24.2 percent year-on-year.

The per capita disposable income of local residents totaled 50,289 yuan, an increase of 4.7 percent year-on-year.

The per capita disposable income of urban and rural residents reached 56,351 yuan and 31,297 yuan, respectively, year-on-year increases of 4.2 percent and 6.1 percent.