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SIP also ranked the first among ETDZs in terms of the annual import-export volume last year. The total imports and exports in SIP reached US$94.18 billion in 2020 – nearly one-third of Suzhou city’s total import-export volume. Suzhou’s total import-export volume reached US$322.3 billion in 2020, which makes it the fourth largest Chinese city in terms of foreign trade, only next to Shanghai, Shenzhen, and Beijing. As a state-level high-tech zone, SIP’s ranking rose from fifth to fourth in 2020, after Beijing’s Zhongguancun Science Park, Shanghai’s Zhangjiang High-Tech Park, and Shenzhen High-Tech Industrial Park. In 2020, SIP recorded a GDP of RMB 290.7 billion (US$45 billion). With over 1 million residents (of which 807,800 are permanent residents and 576,500 hold a Suzhou hukou) and a per capita disposable income over RMB 77,000 (US$11,900), the area’s total retail sales of consumer products reached RMB 93.48 billion (US$14.5 billion). ....
Manufacturing assumes a large proportion of Suzhou’s GDP – with electronic equipment, automotive, and telecommunications among the dominant industries. Suzhou’s annual industrial output value is now worth more than RMB 3 trillion (US$460 billion), making it the third largest manufacturing city in the country. Secondary industries while strong, have headed towards the national strategy of ‘green, intelligent, and advanced production’ – much like the trends we see across the country. The tertiary sector has also seen rapid growth and diversification of its industries in order to meet the rising wealth of the province, as well as match the technological and industrial advancements that are taking place on the national scale. ....