Huai'an China News
Huai'an's Economy Maintains Steady and Positive Growth from January to November
time:2025-12-31

Since the beginning of this year, Huai'an's economy has maintained strong growth with steady progress.

Industrial production grew steadily, with key industries making significant contributions. From January to November, the city's total industrial output value above the designated size increased by 9.1% year on year. The cumulative output of five key sectors—the comprehensive utilization of waste resources, non-ferrous metal smelting and rolling processing, general equipment manufacturing, computer/communication/electronic equipment manufacturing, and electrical machinery/equipment manufacturing—grew by 46.0%, 36.1%, 24.5%, 21.9%, and 21.3%, respectively. These sectors collectively contributed an increase of RMB 24.07 billion, boosting the city's cumulative output growth rate by 6.4 percentage points.

Effective investment remained stable, and entities were making continual efforts in related projects. From January to November, the industrial investment in the city expanded by 11.6%. Meanwhile, the city's 399 major municipal-level industrial projects completed RMB 165.465 billion in investment, achieving 104.48% of the annual target, 12.81 percentage points ahead of schedule. Seventy-eight carry-over projects achieved an investment of RMB 66.851 billion, fulfilling 99.71% of the annual plan. Additionally, 321 new projects secured an investment of RMB 98.614 billion, accounting for 107.98% of the annual plan.

Fiscal revenue grew steadily, and financial support remained solid. From January to November, the city's general public budget revenue totaled RMB 31.7 billion, representing a 3% increase. Among them, tax revenue reached RMB 24.29 billion, an increase of 4.2%; non-tax revenue was RMB 7.4 billion, an increase of -1%. The total balance of domestic and foreign currency deposits at all financial institutions in Huai'an reached RMB 753.593 billion, up 10.40% year on year. This represents a rise of RMB 74.523 billion since the beginning of the year, RMB 63.503 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 962.407 billion, reflecting a year-on-year increase of 12.35%. This marks a rise of RMB 102.121 billion compared to the beginning of the year and an increase of RMB 9.252 billion year on year.