Wuxi's GDP up 5.9% in H1

An intelligent workshop in Wuxi. [Photo/Wuxi Daily]

The main economic indicators for Wuxi in Jiangsu province have continued to steadily increase in the first half of this year, according to the local municipal bureau of statistics.

The city's GDP increased 5.9 percent year-on-year during the period to nearly 743.74 billion yuan ($102.45 billion), 0.1 percentage points higher than the provincial average.

Aerospace industry exhibition hall in Wuxi. [Photo/Wuxi Daily]

The stable economic growth in Wuxi was supported by strong investment in the first six months of this year, during which the city's fixed asset investment totaled 233.31 billion yuan, up 8.2 percent year-on-year, with industrial investment alone jumping 17.7 percent from the previous year.

The rapid increase in the city's industrial investment was also accompanied by improved industrial structure.

Since the start of the year, investment in high-tech as well as strategic and emerging industries has experienced year-on-year increases of 13.5 percent and 19.5 percent, respectively.

The 10th Wuxi Taihu International Automobile Exhibition takes place in June. [Photo/Wuxi Daily]

Industries were still the cornerstone of Wuxi's economic development. In the Jan-June period, the added value of the city's industries above designated size expanded by 7.2 percent from previous year.

Over the past six months, Wuxi has also rolled out measures involving equipment renewal and resource recovery to boost consumption. In the first half of this year, the total retail sales of consumer goods in the city recorded a 4.7 percent year-on-year increase to 190.73 billion yuan.