YPG106A   Suzhou sword refers to the target of 5 trillion yuan

Data show that Suzhou, known as the “strongest prefecture-level city”, currently has 13,500 industrial enterprises, with a total industrial output value of more than 4.3 trillion yuan, and a relatively complete industrial system.

Industry contributes more than 40% to Suzhou’s GDP, which is the biggest “home skill” of Suzhou and the strongest support for building a future competitive advantage of the city.

YPG106A On January 3, Suzhou held the “First meeting of the New Year”. The theme of the conference is “Promoting new industrialization”, and it is proposed that in about three years, we will strive to form four trillion-level leading industries of electronic information, high-end equipment, advanced materials and new energy, with a total industrial output value of 5 trillion yuan and promote GDP to 3 trillion yuan. By 2035, China will basically form a modern industrial system with world-class competitiveness, and strive to build a “smart city” with a leading position in the world.

The meeting also issued 12 industrial policies, including the Implementation Plan for Accelerating the development of producer Services in Suzhou, the Implementation Plan for Supporting capital expansion and production Expansion of industrial Enterprises, and the three-year Action Plan for Intelligent Transformation, Digital Transformation and Network Connection of Suzhou City (2024-2026). Focus on the steady growth of the industrial economy, the construction of industrial clusters, the intelligent transformation of the number to the network, the intensive use of land, enterprise services and other aspects to strengthen the factor guarantee, further stimulate the vitality of enterprise innovation, and promote Suzhou’s new industrialization to take the lead and demonstrate.

YPG106A How to specifically promote the tasks and objectives of the new industrialization construction?

Suzhou proposed that it will accelerate the construction of a “1030” industrial system composed of 10 key industrial clusters and 30 key industrial chains, consolidate and enhance key advantageous industries such as electronic information and equipment manufacturing, accelerate the creation of a number of strategic emerging industrial clusters with international competitiveness, and strive to create a number of national small and medium-sized enterprise characteristic industrial clusters.

“Industrial 3 trillion” is expected to continue to enrich

YPG106A In 2022, the country’s total industrial output value of more than 3 trillion yuan, only Shenzhen, Suzhou, Shanghai “three pillars”, the scale of more than 4 trillion yuan, in the first echelon.

There are about 10 cities between 2 trillion yuan and 3 trillion yuan, including Chongqing, Foshan, Beijing, Dongguan, Ningbo, Guangzhou, Tianjin and so on.

In terms of industrial added value, the “top three” industrial cities in 2022 are also Shenzhen, Suzhou and Shanghai. In the first three quarters of 2023, Shenzhen, Shanghai and Suzhou announced industrial added value of 812.247 billion yuan, 792.46 billion yuan and 742.304 billion yuan, respectively, leading other cities.

YPG106A However, as the “strongest prefecture-level city”, Suzhou has a strong momentum to catch up with Shanghai. In 2022, the industrial added value of Shanghai is 1079.454 billion yuan, and that of Suzhou is 1059.560 billion yuan, with a slight gap. In the first three quarters of 2023, the industrial added value of the two places increased by 3% and 2.7% year-on-year, respectively, although the difference is not big, but from the perspective of the total industrial output value of the regulation, Suzhou (3224.697 billion yuan) exceeded Shanghai (2872.454 billion yuan).

YPG106A From the perspective of the follow-up echelon, in the first three quarters of 2023, Chongqing led other subsequent cities with an industrial added value of 626.799 billion yuan.

In 2022, Chongqing’s total industrial output value reached 2.8 trillion yuan, and it is expected to join the “industrial 3 trillion” club in 2023.

Similarly, a large probability is expected to advance to “industrial 3 trillion” and Beijing. In addition, Dongguan, Ningbo, Guangzhou, Tianjin, etc., are also expected to join the “industrial 3 trillion” club.