Huai'an economy reports smooth growth in Q1-Q3
2018-11-02 15:09:00

Huai'an City’s GDP totaled 253.406 billion yuan ($36.6 billion) in the first three quarters. The added value of the primary, secondary and tertiary industry reached 22.412 billion yuan (up 2.8 percent), 105.15 billion yuan (up 4.9 percent) and 125.844 billion yuan (up 8.8 percent) respectively.

During the period, the city’s foreign trade increased by 16.3 percent year on year to $3.753 billion. Among them, exports reached $2.475 billion, up 10.9 percent, and imports jumped by 28.4 percent to $1.278 billion. Exports and imports of products under the general trade category accounted for 59.4 percent, and electro-mechanical products at 39.4 percent, as the city’s trade structure was further optimized.

In the first three quarters, Huai'an launched 108 new foreign investment projects, with an agreed investment amount of $1.718 billion and actual use of foreign fund of $695 million. Among them, 48 new projects had an investment of over $30 million each.

The per capita disposable income in Huai’an residents reached 20,479 yuan, an increase of 9.4 percent year on year, and this marked the fastest growth in Jiangsu Province. The per capita disposable income of urban residents was 27,032 yuan, up 8.6 percent. Rural residents had a per capita disposable income of 13,052 yuan, a rise of 9.4 percent.

During the period, the total output value of industrial enterprises above designated size in Huai’an climbed 11.9 percent, and output value of foreign, Hong Kong, Macao and Taiwan-invested enterprises increased by 14.3 percent.

The electronic and telecommunication equipment manufacturing industry saw the output value to increase by 30.1 percent. Editor:Dylan