Huai'an China Government Press Conference
Press Briefing on Huai'an Economic Performance in the First Three Quarters of 2019
time:2019-12-02

Time: 10-25-2019       13:45 to 14:00

Guests: Hao Daojun   Spokesperson of Huai'an Government, Deputy Secretary-General, and Director of Research Office

            Yan Xixia        Deputy Director of Huai'an Municipal Bureau of Statistics

Abstract: Briefing on Huai'an Economic Performancein the First Three Quarters of 2019


Speech by Hao Daojun, Spokesperson of Huai'an Government, Deputy Secretary-General, and Director of Research Office:

 

Ladies and gentlemen:

Good afternoon! Welcome to today's press briefing. Since this year, Huai'an has fully implemented all major policies and plans on economic work made by the Party Central Committee, Provincial Party Committee and Provincial Government. We have followed the general principle from Municipal Party Committee and Government of "seeking stability during changes, making progress while maintaining stable performance, striving for good momentum for growth and moving forward among the top", and closely focused on the goal of building a moderately prosperous society with high quality in an all-round way. We have also worked hard to ensure stable employment, a stable financial sector, stable foreign trade, stable foreign investment, stable domestic investment, and stable expectation, and actively responded to the complex and changeable macro environment. In the first three quarters, the city's economic performance was generally stabilized and its healthy development was sustained at the same time. Now, let's invite Mr. Yan, Deputy Director of Huai'an Municipal Bureau of Statistics, to introduce related performances.

Yan Xixia, Deputy Director of Huai'an Municipal Bureau of Statistics:

This year, the whole city has adhered to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and conscientiously implemented all major policies and plans by the Party Central Committee, Provincial Party Committee and Provincial Government. According to the working thoughts of "seeking stability during changes, making progress while maintaining stable performance, striving for good momentum for growth and moving forward among the top" by the Municipal Party Committee and Municipal Government, Huai'an has closely focused on our goal of building a moderately prosperous society with high quality in an all-round way as well as realizing high-quality leapfrog development. We have worked hard to ensure stable employment, a stable financial sector, stable foreign trade, stable foreign investment, stable domestic investment, and stable expectation, and actively responded to the complex and changeable macro environment. Huai'an has, overall, achieved a stable performance while at the same time securing progress in its economic development. The major economic indicators have been kept in a reasonable range.

According to preliminary calculation, the GDP of Huai'an in the first three quarters of 2019 totaled 269.42 billion yuan, an increase of 7% year on year at comparable prices. This growth rate was 0.8 and 0.6 percentage points higher than that of China and Jiangsu Province respectively, ranking the second in northern Jiangsu. The three industries developed steadily. Value added of the primary industry totaled 19.42 billion yuan, up 3.2%, which is the highest among the whole province; that of the secondary industry amounted to 115.949 billion yuan, up 7.1%; that of the tertiary industry reached 134.051 billion yuan, up 7.5%. With the continuous optimization of industrial structure, added value of the tertiary industry accounted for 49.8% of GDP.

1. A harvest of grain cropswas in sight and the "Three Special Industries" were well developed.

Summer grain crops achieved harvest and the harvest of 5.4 million-mu autumn grain crops wasalready in sight. The "Three Special Industries"including efficient planting, green aquatic products and ecological leisure demonstrated strong momentum of growth.A total of 370,000 mu of high-quality rice, 65,000 mu of high-efficiency facility gardening and 426,000 mu of rice and shrimp comprehensive cultivation were added.At the same time, a number of leisure agricultural business entities which support the local tourism emerged. One provincial modern agricultural demonstration park and two national agricultural industrial towns were established, and four regional brands for public agricultural products applied for the national list and passed the online review.

2. Steady progress was made in industrial production, and the development of advantageous industries was strengthened.

In the first three quarters, the added value of Huai'an industries above the designated size increased by 7.1% year-on-year, 1.5 and 1.3 percentage points higher than that of China and Jiangsu Province respectively. Of the 34 industrial sectors, 29 achieved growthaccounting for 85.3% of the whole. The operating cost of the enterprises was reduced. From January to August, the main cost of every 100-yuan main business income of Huai'an industrial enterprises above the designated size decreased by 1.2 yuan compared with the same period last year. The energy consumption of enterprises was reduced, and the decline rate of energy consumption per unit of GDP has achieved the provincial target.

The development of industry is moving forward to a higher level and higher quality. In the first three quarters, the total industrial output value of strategic emerging industries increased by 12.7% yearonyear, 3.3 percentage points faster than that of all industries above the designated size. The total output value of "Three News and One Special" characteristic advanced industriesincreased by 9.7%, accounting for 39.3% of the total output value of all industries above the designated size.The industries in automobile manufacturing, agricultural and sideline food processing, computer communication and other electronic equipment manufacturing maintained high growth rates, with 13.1%, 11.6% and 11.4% respectively.

3. Service industry maintained fast growth, and emerging service industry developed in a sound way.

From January to August, the operating revenue of service industry above the designated size in the whole city totaled 34.98 billion yuan, up 9.4% year on year. Specifically, air transport, internet and related services, and research and experimental development services grew rapidly, with the increaseof 51.9%, 51.5% and 54.1% year on year respectively, which were 42.5, 42.1 and 44.7 percentage points faster than that of services above the designated size.

In the first three quarters of 2019, Huai'an highway passenger and freight turnover increased by 3% year on year; railway passenger and freight turnover grew by 2.9%; civil air transport turnover increased by 49.6%, and cargo throughput grew by 59.9%. The total volume of postal business achieved 808 million yuanwith an increase of54.73% year on year.The total volume of express service grew rapidly, with a total of 133 million pieces completed, which grew 23.8% yearonyear.

4. Investment structure was improved and major projects were progressing in an orderly manner.

In the first three quarters of this year, investment in fixed assets above the designated size in the whole city increased by 5.9% year on year, 1.2 percentage points higher than that of the province. Among them, the investment in service industry increased by 10% year on year, 5.6 percentage points higher than the average growth rate of the whole province, ranking the second in Jiangsu. From the perspective of investors, private investment grew by 9.2% year on year, 3.3 percentage points higher than the growth rate of all investment above the designated size.

In the first three quarters, 220 major projects in Huai'an completed the investment of 80.11 billion yuan, accounting for 68.31% of the annual plan.Of all the 306 industrial projects under construction of more than 100 million yuan (including 33 projects of more than 1 billion yuan), 125 new projects were started, an increase of 25 on a year-on-year basis. Major infrastructure projects, such as Xuzhou-YanchengRailway, Lianyungang-Zhenjiang Railway, and the urban inner ring elevated road were rapidly promoted.A number of major industrial projects, such as the first phase of Advanced Memory Semiconductor and JunshengNew Energy Battery, were successfully completed and put into operation with great potentials for economic development.

5. The consumer market was stable, and the consumer prices rose moderately.

During the three quarters, the total retail sales of social consumer goods in the whole city reached 100.663 billion yuan, an increase of 8.3%over the same period last year, 0.1 and 1.6 percentage points higher than the average level of China and Jiangsu respectively. In terms of areas, the retail sales of consumer goods in urban areas totaled 88.87 billion yuan, an increase of 8%, while that in rural areas amounted to 117.9 billion yuan, up 13.3%. Therefore, the growth rate of consumption in rural areas was 5.3% higher than that in urban areas. In terms of categories, the sales of daily necessities in the city went on well, and the sales of food and clothing maintained a steady growth. Among the wholesale and retail enterprises above quota in the city, grain, oil and food increased by 7.8%, and clothing, shoes, hats and knitwear increased by 7.2%. Sales of upgraded goods grew rapidly. Cosmetics above quota increased by 11.7%, and household appliances and audio-visual equipment increased by 7.4%.

Consumer prices rose by 2.2% in Huai'an and continued their upward trend moderately. The prices of seven out of eight categories of goods rose while one declined. Among them, the prices of food, tobacco and alcohol rose 5.9% year on year, which is the main reason for the rise of consumer prices, driving the CPI up 1.68 percentage points. The prices of clothing, daily necessities and services, education, culture and entertainment rose by 2.6%, 2.5% and 2.1% respectively, jointly driving CPI up by 0.63%. Other goods and services, housing and health care prices grew by 1.3%, 0.8% and 0.3% respectively.However, transportation and communication prices fell by 2.9%.

6. Progress was actively sought in foreign trade despite of difficulties, and the quality of foreign investment utilization was improved.

In the first three quarters of the year, the total volume of foreign trade import and export amounted to USD 3.53 billion, down 5.9% year on year, a decrease of 1.9 percentage points over the first half of the year. The volume of export totaled USD 2.53 billion, up 2.2% from the same period last year.The export of mechanical and electrical products and high-tech products increased by 58.2% and 22.2% respectively year on year. The export of this two kinds accounted for 53.3% of the total export, 13.9% higher than the same period last year. There were922 enterprises with real import and export records or performance in the city, an increase of 40 compared with the same period of the previous year. 133 enterprises with new growth points were established. Key enterprises such as Hexing Automobile, CCGrass and Foxconn all maintained their growth.

During this period, 104 new foreign-funded projects were set up, with an agreed foreign investment of USD 2.01 billion, including 37 projects with a total investment of more than USD 30 million.The received foreign investment reached USD 720 million, a year-on-year increase of 3.7%. 39 Taiwanfunded projects including new projects and formers projects with new investment received USD110 million on their accounts.

7. The structure of fiscal revenue and expenditure was improved and the financial market operated steadily.

In the first three quarters of 2019, the general public budget revenue added up to 20.602 billion yuan, up 5.1%year on year. Among them, tax revenue totaled 16.55 billion yuan, up 3%year on year, and accounted for 80.4 % of Huai'an's general public budget revenue. General public budget expenditure added up to 38.62 billion yuan, up 13.5% year on year. Among them, livelihood expenditure totaled 287.58 billion yuan, with 14.1%year-on-year growth, accounting for 74.5% of the general public budget expenditure, an increase of 0.4 percentage pointcompared with the same period last year.

At the end of September, the domestic and foreign currencydeposit balance of financial institutions in the whole city was 416.002 billion yuan, an increase of 12.8% over the same period last year. Among them, the household deposit balance totaled 188.263 billion yuan, an increase of 12.7 %. The balance of domestic and foreign currency loans of financial institutions was 379.336 billion yuan, an increase of 17.3%. The growth rate helped Huai'an rank the second among the whole province. Manufacturing loans amounted to 27.526 billion yuan, an increase of 8.1 %, indicating more support to the real economy.

8. Resident income grew steadily and employment situation was stable.

In the first three quarters of 2019, the per capita disposable income of all residents in Huai'an was 22,885 yuan, an increase of 9.1% year on year. This growth rate was 0.3 and 0.4 percentage points, respectively, higher than the average of the whole country and Jiangsu, and was 2.1 percentage points faster than the GDP growth, ranking first in Jiangsu. In terms of income composition, wage income was 12,699 yuan, an increase of 8.4%. Net operating income was 5,075 yuan, rose by 9.2%. Net property income was 1,493 yuan, up 10.8%, and net transfer income 3617 yuan, an increase of 11.3%.

In the first three quarters, 63,700 new jobs were created in cities and towns, 42,500 urban unemployed persons were reemployed and 19,100 rural labor force were newly transferred.The registered urban unemployment rate was 1.80%. The market vitality has been continuously enhanced. There are 74700 newly registered market entities in the city, a year-on-year increase of 33.08%, including 59,700 newly registered individual businesses, a year-on-year increase of 48.82%.

Overall, in the first three quarters of 2019 the economic performance of Huai'an generally maintained a steady and progressive trend. At the same time, we must be aware that we are facing a complicated and challenging macro environment, and downward pressure on economy continues to increase. Next, we should closely adhere to the guidance ofXi Jinping Thought on Socialism with Chinese Characteristics for a New Era, always maintain the confidence and determination to push forward the high-quality development, and continue to stabilize growth, promote reforms, adjust economic structure, benefit people's livelihood, prevent risks and ensure stability so as to realize the sustained and healthy development of Huai'an economy.

Hao Daojun, Spokesperson of Huai'an Government, Deputy Secretary-General, and Director of Research Office:

Thank you, Mr. Yan! This is the end of today's briefing. If you have any question, you can make a detailed interview with our Municipal Bureau of Statistics after the briefing.