From January to February, Huai'an saw steady economic growth, with improved quality and efficiency.
Industrial production maintained steady growth, underpinned by robust support from key sectors. In January and February, the total output of industrial enterprises above designated size in the city increased by 9.2% year-on-year, and the added value of these enterprises increased by 8.3% year-on-year; the total industrial invoicing amounted to RMB 64.466 billion, an increase of 10.0% year-on-year, and the industrial electricity consumption was 3.344 billion kilowatt-hours, an increase of 1.0%. In terms of key industries, the cumulative output value growth rates of five key industries—non-ferrous metal smelting and rolling processing, electrical machinery and equipment manufacturing, computer, communication, and other electronic equipment manufacturing, instrumentation manufacturing, and automobile manufacturing—were 46.9%, 24.1%, 23.7%, 22.1%, and 19.2%, respectively, with a total increase of RMB 4.52 billion, driving the city's cumulative growth rate of added value up by 6.7 percentage points.
Effective investment continued to grow, and entities were making continual efforts in related projects. From January to February, fixed asset investment in Huai'an increased by 2.1% year-on-year. In particular, project investment increased by 8.0% year-on-year; industrial investment increased by 12.2% year-on-year. The city had 956 investment projects in its pipeline, including 38 projects with a planned total investment of over RMB 5 billion and 207 projects with a planned total investment of over RMB 1 billion. The proportion of major projects increased significantly compared to last year. There were 742 industrial projects, accounting for 76.89% of the total, and providing strong support for the city's investment growth. From January to February, the city's 385 major municipal-level industrial projects completed RMB 29.489 billion in investment, achieving 17.62% of the annual target, 0.95 percentage points ahead of schedule. Eighty-two carry-over projects achieved an investment of RMB 16.228 billion, fulfilling 21.67% of the annual plan. Additionally, 303 new projects secured an investment of RMB 13.26 billion, accounting for 14.34% of the annual plan.