Nantong’s GDP in 2020 breaks 1-trillion-yuan mark

2021-01-20 16:10:00

The gross domestic product (GDP) of Nantong City in East China’s Jiangsu Province broke the 1-trillion-yuan mark in last year, said mayor Wang Hui at the fifth meeting of the 15th Nantong People's Congress on January 19.

The city’s GDP expanded by 4.7% in last year and reached 1.0036 trillion yuan, making it the fourth city in Jiangsu to achieve the milestone after Suzhou, Nanjing and Wuxi.

Photo taken on Jan. 18, 2021 shows aerial view of Nanton Port. CFP

The progress is of particular significance also because it’s the first prefecture-level city situated on the northern shore of the Yangtze River to surpass the threshold.

In recent years, Nantong has greatly enhanced its comprehensive strength, with the highest construction output value among prefecture-level cities in China. It has also optimized the development layout and ensured an urbanization rate of 69.1%. the city’s coastal area is becoming a vibrant hub of green and high-end industries.

Amid the deeper implementation of national strategies, such as the Yangtze River Economic Belt and the integration of the Yangtze River Delta, Nantong has more opportunities to collaborate further with southern Jiangsu and Shanghai in its development, receiving a total of $12.86 billion in foreign investment.