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Economic development

( chinadaily.com.cn )

Updated: 2014-08-10

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Wuxi's national economy has maintained stable growth while its GDP ranks the first in Jiangsu. In 2012, Wuxi's GDP reached 756.815 billion yuan ($122.519), increasing by 10.1% compared to 2011, calculated at comparable prices; and the per capita GDP reached 117,400 yuan, calculated by permanent population, equivalent to $ 18,700 according to the current exchange rate.

Wuxi's industrial structure has been further optimized. The added value of the primary, secondary and tertiary industries reached 13.722 billion yuan, 401.203 billion and 341.89 billion yuan respectively, and the three industrial restructuring proportions are 1.8 : 53.0 : 45.2.

Wuxi's emerging industries have maintained a stable development. The total value of the output of 8 strategic emerging industries, including the Internet of Things (IOT), new energy, new materials and display, energy conservancy and environmental protection, and micro-electronics, reached 604.366 billion yuan, increasing annually by 9.3%. The total value of output of the software and service outsourcing and the industrial design and cultural creative industry increased by 34.4% and 16.0% respectively, and the total value of output of the IOT industry surpassed 60 billion yuan.

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