Yixing Economy

Yixing Economy

With prosperity industries and businesses and well-developed economy, Yixing is one of the fastest growing cities in Shanghai economic circle in recent years. In 2009 the GDP hit 68 billion yuan, GDP per capita broke through 9,000 U.S. dollars, and the revenue amount to10.4 billion. By the end of 2009, the deposits balance of all the city's financial institutions is 91.2 billion yuan, the loan balance is 69.8 billion yuan, and per capita deposit reaches 42,000 yuan. With the diversified economic structure, Primary, secondary and tertiary industry accounted for 5:56:39.

At present, an industry cluster focusing on electric wire & cable, chemical fiber &textiles, environmental protection, fine machinery, ceramics has been formed, also including other industrial systems with complete sectors, rational layout and strong supporting ability, such as photoelectric & PV, non-metallic materials, new materials, new energy, etc,. Also State wire and cable export base, Environmental equipment Base, E-Chip, new energy industry base and photovoltaic industrial park have been built up.

In 2009, Yixing realized over 180.1 billion yuan of industrial output value, 171.5 billion yuan of sales income and 15.2 billion yuan of taxes.

The industry of Yixing is progressing toward the direction of being with special characteristics, intensive and export-oriented as well as being profitable.

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