Over the past decade, east China's Jiangsu Province has seen tremendous economic growth and great social progress. It has also seen an improvement in people's livelihood and environment, according to a press briefing held Friday.

 

Jiangsu's GDP increased from 5.37 trillion yuan (about 796.6 billion U.S. dollars) in 2012 to 11.64 trillion yuan in 2021, with its GDP per capita exceeding 20,000 U.S. dollars. The total grain yield stayed at over 35 billion kg, said Wu Zhenglong, secretary of the Jiangsu Provincial Committee of the Communist Party of China.

 

In the past 10 years, the per capita disposable income of Jiangsu residents doubled to 47,500 yuan, and the urban-rural income ratio decreased from 2.37 to 1 to 2.16 to 1.

 

Xu Kunlin, governor of Jiangsu, said that digital economy is a key boost to the province's transformation and development, with its scale exceeding 5 trillion yuan in 2021, accounting for 11.8 percent of the country's total.

 

Jiangsu has also seen its business environment improve, accumulatively attracting more than 240 billion U.S. dollars of foreign investment in the past decade.