Huai'an China News and Events
Huai'an's Industrial Production Recovery Gains Pace
time:2020-08-06

In the first half of 2020, the total output value and the added value of industries above designated size in Huai'an decreased by 2.2% and 1.4% year on year, 7.7 and 4.3 percentage points lower than those in the first quarter. Huai'an is witnessing evident green shoots of recovery of industrial production since the added value of industries above designated size has increased by 11.0% year-on-year in June, and 22 have achieved positive growth among 34 industrial sectors. Meanwhile, the operational benefits of industrial enterprises have gradually improved for the industrial enterprises above designated size achieved gross profits of 6.556 billion yuan during the first half of this year, a year-on-year decrease of 10.0%, a decrease of 14.9 percentage points compared with the first quarter.

In the first half of this year, the key industries of Huai'an have shown a good momentum of development, including agricultural and sideline food processing industry, ferrous metal smelting and rolling processing industry, electrical machinery and equipment manufacturing industry, computer communication and electronic equipment manufacturing industry, etc. The added value of these industries above designated size increased by 3.7%, 9.3%, 8.7% and 10.7% respectively year-on-year contributing 2.3 percentage points to the economic growth of Huai'an and better stimulating the industrial recovery of the whole city.