Wuxi has a relatively developed economy since ancient times. In 1895, Yang Zonglian and Yang Zonghan founded the first national capital enterprise, Yeqin Cotton Mill, outside the south gate of Wuxi. Subsequently, many enterprises with textile, silk and grain processing industries as the main body were born and developed rapidly. Wuxi became One of the birthplaces of national industry and commerce. During this process, many "firsts" and "most" in the history of Wuxi's modern industrial development were born; batches of industrial and commercial giants including the Rong family and the Tang family were born, and it also demonstrated the entrepreneurship of Wuxi's national industrial and commercial entrepreneurs. At the end of 2013, Wuxi became one of China's "new first-tier cities" selected by "First Financial Weekly" due to its stable comprehensive strength; at the same time, "2013 Best Commercial Cities in Mainland China" released by the Chinese version of "Forbes" Among them, Wuxi ranks fifth, ranking first among prefecture-level cities. A total of 158,100 new jobs were created in cities and towns throughout the year, of which 77,200 laid-off and unemployed people in various cities and towns were reemployed, and 31,200 people who had difficulties in finding jobs were reemployed. The city's urban registered unemployment rate was 2.68%. The added value of the private economy in the whole year was 983.124 billion yuan, an increase of 3.3% over the previous year, accounting for 66.2% of the total economic output, an increase of 0.2 percentage points over the previous year. At the end of the year, 423,300 enterprises of various types were registered by the registration authorities at all levels in the city, including 36,000 state-owned and collective holding companies, 7,000 foreign-invested enterprises, and 380,400 private enterprises. At the end of the year, there were 660,900 self-employed households, and 80,800 newly registered households that year. The annual urban consumer price index (CPI) rose by 2.1%, an increase of 0.4 percentage points over the previous year. Among them, the price of service items increased by 1.0%, and the price of consumer goods increased by 2.9%. The increase in the price of industrial production was stable. The ex-factory price of industrial producers rose by 1.7% and the purchasing price of industrial producers rose by 3.9%. Since it was established in 1992,
Wuxi New District (WND), covering an area of , has evolved to be one of the major industrial parks in China. In 2013, it had a GDP of 121.3 billion yuan ($19.54 billion), and an industrial output value of 276.7 billion yuan, accounting for 15% of production in the Wuxi area.The district includes the Wuxi Hi-tech Industrial Development Zone, Wuxi (Taihu) International Technology Park, Wuxi Airport Industrial Park, China (Wuxi) Industrial Expo Park,
China Wu Culture Expo Park, and International Education and Living Community. Hotels in Wuxi include Wuxi Maoye City – Marriott Hotel,
Hilton Hotel's Wuxi-Lingshan Double Tree Resort near the Lingshan Giant Buddha,
Kempinski Hotel Wuxi, Landison Square Hotel Wuxi, noted for its Wu jade phoenix sculpture in the lobby,
Radisson Blu Resort Wetland Park Wuxi,
Sheraton Wuxi Binhu Hotel, the Wuxi Grand Hotel, and Wuxi Hubin Hotel and many other hotels. In 2024, the GDP of Wuxi City will reach 1626.329 billion yuan, a year-on-year increase of 5.8% at constant prices, higher than the national average (5.0%). Among them, the added value of the primary industry is 14.045 billion yuan, a year-on-year increase of 3.5%; the added value of the secondary industry is 771.602 billion yuan, a year-on-year increase of 6.2%; the added value of the tertiary industry is 840.682 billion yuan, a year-on-year increase of 5.4%; the fiscal revenue is 121.01 billion yuan, ranking third in the province, and the per capita GDP is 216,900 yuan, ranking third in the country after Beijing and Shanghai. == Business ==