Home > Regions> Haimen district> Investment

Haimen posts rapid economic growth over past decade

chinadaily.com.cn

Updated: 2022-09-27

640 (2).jpg

A port in Haimen district, Nantong, East China's Jiangsu province. [Photo/WeChat account: haimenrongmei]

The GDP of Haimen district has seen a 1.37-fold increase in the past 10 years, rising from 66.31 billion yuan ($9.3 billion) in 2012 to 156.93 billion in 2021.

Meanwhile, industrial taxable sales increased by 1.23 times in the district over the past decade.

In recent years, the district has been striving to develop seven major industrial clusters, namely modern home textiles, new generation information technology, intelligent equipment, advanced new metal materials, high-tech marine engineering ships, modern architecture and life and health.

From January to July, the seven major industrial clusters gathered 769 enterprises above designated size, realized taxable sales of 67.49 billion yuan, a year-on-year increase of 19.1 percent, and accounted for 83.9 percent of the total taxable sales of industrial enterprises above designated size in the district.

As enterprises are the main engine for high-quality development of the economy, Haimen attaches importance to enterprise cultivation and helps them grow rapidly through policy incentives, business environment building and transformation and upgrading.

For example, since the beginning of this year, to mitigate the impact of the epidemic on enterprises' production and operation, a total of 460 million yuan has been issued to enterprises.