From January to October, Huai'an's economy maintained a steady and positive growth trend.
Industrial production grew steadily, with key sectors making significant contributions. From January to October, the city's total industrial output value above the designated size increased by 9.4% year-on-year. The added value of industrial enterprises above the designated size increased by 8.2% year-on-year, ranking 1st in the province. By industry, the computer, communication, and other electronic equipment manufacturing industries achieved a cumulative output value growth rate of 12.8%. The electrical machinery and equipment manufacturing industries achieved a cumulative output value growth rate of 15.8%.
Effective investment continued to grow, and entities were making continual efforts in related projects. From January to October, fixed asset investment in Huai'an City reduced by 3.4% year-on-year. Specifically, project investment increased by 3.4% year-on-year, and industrial investment increased by 9.9% year-on-year, up 1.4 percentage points from the same period last year. From January to October, the city's 399 major municipal-level industrial projects completed RMB 158.461 billion in investment, achieving 100.1% of the annual target, 16.7 percentage points ahead of schedule. Seventy-eight carry-over projects achieved an investment of RMB 64.395 billion, fulfilling 96.1% of the annual plan. Additionally, 321 new projects secured an investment of RMB 94.066 billion, accounting for 103.0% of the annual plan.
Fiscal revenue grew steadily, and financial support remained solid. From January to October, the city's general public budget revenue totaled RMB 29.86 billion, representing a 3.8% increase. Among them, tax revenue reached RMB 22.71 billion, an increase of 4.6%; non-tax revenue was RMB 7.15 billion, an increase of 1.3%. The city's tax revenue accounted for 76%. At the end of October, the total balance of domestic and foreign currency deposits at all financial institutions in Huai'an reached RMB 747.463 billion, up 8.3% year-on-year. This represented an increase of RMB 68.39 billion since the beginning of the year, RMB 49.665 billion higher than the year-on-year growth for the same period last year. The total balance of domestic and foreign currency loans at all financial institutions in this city was RMB 960.845 billion, reflecting a year-on-year increase of 12.1%. This marks a rise of RMB 100.56 billion compared to the beginning of the year and an increase of RMB 6.876 billion year-on-year.