Huai'an China News
Huai'an City Achieves a Good Economic Start in Q1
time:2024-04-30

According to the unified calculation results of regional GDP, Huai'an achieved a regional GDP of RMB 125.722 billion in the first quarter, up 7.5% year-on-year at constant prices. Among them, the value added of the primary industry was RMB 4.486 billion, with an increase of 4.1%; that of the secondary industry reached RMB 56.047 billion, with an increase of 9.5%; and that of the tertiary industry was RMB 65.189 billion, with an increase of 6.1%.

Agricultural production was generally stable. In the first quarter, the city's total output value of agriculture, forestry, animal husbandry and fishery was RMB 9.11 billion, up 4.1% year-on-year at comparable prices. The sowing area of winter wheat remained stable, the overall growth was good, and spring ploughing and spring sowing were carried out in a smooth and orderly manner. Animal husbandry production was generally stable, with 666,400 pigs slaughtered, down 3.2%; 19.8078 million poultry slaughtered, up 12.8%; and 84,300 tons of aquatic products output, up 2%.

Industrial production grew rapidly. In the first quarter, the value added of the city's industrial enterprises above designated size increased by 11.8% year-on-year, with a 12% increase in manufacturing. The new production capacity of Jietai New Energy Technology, Trina Solar and other enterprises continued to be released. Key enterprises such as BYD, Hexing Car and King's Luck enjoyed a good production situation, driving the city's electrical machinery and equipment manufacturing industry, automobile manufacturing industry, alcoholic beverage and refined tea manufacturing industry to increase by 131.8%, 57.4% and 31.4% respectively, and driving the value added of industrial enterprises above designated size in the city to increase by 5.5 percentage points.

The investment above designated size continued to take the lead. In the first quarter, the city's fixed-asset investment above designated size increased by 12.7% year-on-year, 7.8 percentage points higher than that of the whole province, ranking first in the province. Among them, industrial investment increased by 30.4%. The ultra-high strength fine steel cord project of Zenith Steel and the intelligent brewing and aging center of King's Luck in the south factory area, as well as other projects featuring an investment of about RMB 10 billion, helped drive the investment above designated size in the city to increase by 8.6 percentage points.