Time: 15:00, October 31, 2018
Address: Meeting Room 103, Huai'an Administration Center
Members of the Guests: Hao Daojun, spokesman of Huai'an Municipal Government, Deputy Secretary General of Huai'an Municipal Government, Director of the Research Institute
Xie Hua, Deputy Director of Huai'an Development and Reform Commission
 

Xie Hua, Deputy Director of Huai'an Development and Reform Commission, interpreted the economy operation of Huai'an in the first three quarters.
Huai'an City's GDP totaled 253.406 billion yuan (36.6 billion US dollars) 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.
The main characteristics of Huai'an city's economy are:
1. Steady progress was made in industrial production, and support for new and high industries was strengthened.
During the period, the total output value of industrial enterprises above the 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. The profits of industrial enterprises above the designated size increased by 14.0 percent year on year, 2.1 percentage points faster than the growth of output value in the same period.
2. Investment in fixed assets grew steadily and the real estate market developed steadily.
In the first three quarters of this year, the investment in fixed assets above the designated size increased by 9.1 percent over the same period of last year, of which industrial investment increased by 14.9 percent and private investment grew by 15.8 percent, and private investment accounted for 68.4 percent of fixed asset investment above the designated size. Major projects such as Dehuai Semiconductor, Jiangsu Advanced Memory Semiconductor, Min-an Electric Vehicle, inner ring viaduct, high-speed railway business district and shantytown reconstruction have been advanced smoothly. During the period, the city's real estate development and investment fell by 3.4 percent year on year, and the area of commercial housing sales increased by 4.8 percent year on year.
3. The consumer market is booming and stable, and consumer prices are rising modestly.
In the first three quarters of this year, the city's total retail sales of consumer goods reached 92.949 billion yuan, an increase of 9.5 percent over the same period last year, and an increase of 0.3 percentage points over the first half of this year. Retail sales of consumer goods rose by 8.7 percent in urban areas and 16.4 percent in rural areas. Sales of meat, poultry and eggs of enterprises above the quota increased by 11.1 percent year on year, and sales of daily necessities increased by 18 percent year on year.
In the first three quarters of this year, the total level of the city's consumer prices rose by 2.0 percent over the same period last year. The prices of seven categories of commodities rose and the price of one category fell, of which prices of food, tobacco and alcohol rose by 1.4 percent, housing prices rose 3.2 percent, prices of household goods and services rose by 1.5 percent, prices of transportation and communications rose by 2.4 percent, prices of education, culture and entertainment rose by 4.6 percent, healthcare prices rose by 2.1 percent and prices of other goods and services rose by 4.3 percent, while clothing prices fell by 3.5 percent.
4. Foreign trade grew rapidly and utilization of foreign capital improved.
In the first three quarters, the city's foreign trade increased by 16.3 percent year on year to 3.753 billion US dollars. Among them, exports reached 2.475 billion US dollars, up 10.9 percent, and imports jumped by 28.4 percent to 1.278 billion US dollars. 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.
During the period, Huai'an launched 108 new foreign investment projects, with an agreed investment amount of 1.718 billion US dollars and actual use of foreign fund of 695 million US dollars. Among them, 48 new projects had an investment of over 30 million US dollars each, and 11 had an investment of over 100 million US dollars each. The actual use of foreign fund of manufacturing and productive service industries accounted for 69.2 percent.
5. Fiscal revenue grew steadily and financial loans were strongly supported.
In the first three quarters of this year, the city's general public budget revenue reached 19.609 billion yuan, an increase of 11.5 percent over the same period of last year and an increase of 3.5 percentage points over the first half of this year. 16.08 billion yuan was collected from tax revenue, accounting for 82 percent of the total revenue from the general public budget, an increase of 8.3 percentage points over the previous year. Expenditures in the general public budget totaled 34.25 billion yuan, an increase of 8.4 percent over the same period last year, of which 25.207 billion yuan was spent on people's livelihood, accounting for 74.1 percent of the total.
At the end of September, RMB deposit balance of financial institutions in the city was 364.813 billion yuan, an increase of 5.3 percent over the same period last year, among which household deposits were 161.298 billion yuan, an increase of 7.0 percent. The city's RMB loan balance was 322.59 billion yuan, up 17.9 percent.
6. Residents' incomes have been steadily increasing and market employment has remained stable.
In the first three quarters of this year, the per capita disposable income of residents in Huai'an 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, 66,200 new urban employees were created, 45,400 urban unemployed were re-employed, and 13,800 people were supported to start their own businesses. The registered urban unemployment rate was 1.78 percent. The number of newly registered individual industrial and commercial households was 13,952, up 2.3 percent from the same period last year. The number of newly registered private enterprises was 40,083, an increase of 14.2 percent over the same period last year.