Wuxi turns in good economic results

City restores historical status as business role model, with focus on industrial transformation and upgrades

Wuxi, a city that was grappling with economic stagnancy a few years ago, has reported good results for 2017, due to strenuous efforts made in economic transformation and industrial upgrading.

According to statistics provided by the Jiangsu provincial statistics bureau, Wuxi's GDP exceeded 1 trillion yuan ($159 billion) for the first time, arriving at 1.05 trillion yuan in 2017. The city's GDP growth rate was 7.4 percent last year, which was higher than the average 7.2 percent registered in Jiangsu province. It is the first time in five years that Wuxi's GDP growth has overtaken the provincial average.