A bird's-eye view of Suzhou New District. [Photo by Ding Daxiang/WeChat account: snd-szgxqfb]
Suzhou New District made steady economic progress in the first three quarters of this year, local media outlets reported on Oct 23.
The regional GDP reached 119.7 billion yuan ($18.72 billion), growing 12.3 percent year-on-year, the third highest among districts, counties, and cities administered by Suzhou.
The general public budget revenue was up 11.6 percent year-on-year to 15.29 billion yuan. The revenue made by above-designated-size manufacturers (those with annual operating revenues of roughly $3.1 million or more) in the district was up 18.1 percent year-on-year to 251.23 billion yuan. Fixed asset investment in the society currently stands at 45.22 billion yuan, up 9.4 percent year-on-year.
Industrial investment grew 5.3 percent year-on-year to 6.68 billion yuan. Actual utilization of foreign investment was up 38.1 percent year-on-year to $660 million. The total volume of export and import was up 18.1 percent to $31.23 billion, and the total retail sales of consumer goods hit 46.57 billion yuan, a 22.3 percent year-on-year increase.
Local officials have encouraged all sectors in SND to maintain the growth momentum and strive to accomplish the district's annual plan as scheduled.