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Suzhou's GDP tops 1 trillion yuan in H1

Suzhou Bureau of Commerce | Updated:2022-07-27 17:26

Suzhou's central business district sits just west of Jinji Lake in the Suzhou Industrial Park. [Photo by Chen Yuhe/For China Daily]

The GDP of Suzhou in East China's Jiangsu province in the first half of 2022 expanded by 0.3 percent year-on-year to about 1.1 trillion yuan ($162.35 billion), according to the local bureau of statistics.

Figures released on July 26 show that the added value of Suzhou's primary industry was 6.47 billion yuan, an uptick of 1.9 percent year-on-year, in the first six months of this year. During this period, the added value of the secondary industry fell by 0.6 percent year-on-year to 507.34 billion yuan, while the added value of the tertiary industry grew 1 percent year-on-year to 582.43 billion yuan.

As a competitive city in the manufacturing market, Suzhou’s total industrial output value above designated size increased by 3.1 percent yearly to 2.05 trillion yuan in the first half of the year. In June, monthly output exceeded 400 billion yuan for the first time, reaching 402.97 billion yuan, a year-on-year increase of 9.9 percent, and the growth rates were 5.9 and 37.7 percentage points higher than in May and April, respectively.

Suzhou also saw robust foreign trade growth during this period. The total value of the city's total imports and exports hit 1.26 trillion yuan from January to June, up 8.7 percent year-on-year. Its exports rose 10 percent to 744.8 billion yuan, while its imports rose by 7 percent to 519.13 billion yuan.

In addition, the total retail sales of social consumer goods in Suzhou increased to 84.19 billion yuan, a 3.3 percent year-on-year increase, while the Consumer Price Index (CPI) expanded by 2.2 percent year-on-year.

The city's per capita disposable income in the first six months reached 36,785 yuan, a year-on-year increase of 3.6 percent. The per capita disposable income of urban and rural residents stood at 41,475 yuan and 22,437 yuan, respectively, increases of 3.1 percent and 4.9 percent year-on-year in real terms.