Hai'an's economy continues upward trend in first five months
Hai'an in Nantong, Jiangsu province. [Photo/Nantong Daily]
From January to May, Hai'an's economic performance continued on a positive trajectory.
The industrial economy saw steady growth, with total invoiced sales reaching 102.35 billion yuan ($14.08 billion), marking a 10.8 percent increase year-on-year. Fixed asset investment totaled 35.97 billion yuan, an 8.9 percent increase from last year, with industrial investment rising 12.9 percent to 26.47 billion yuan.
The service sector also grew, with invoiced sales reaching 46.55 billion yuan, a 2.1 percent increase year-on-year. The number of new service enterprises above the designated scale grew by 44, and the total retail sales of consumer goods reached 18.56 billion yuan.
The total foreign trade volume was 8.84 billion yuan, a 6.3 percent increase year-on-year. Exports rose by 13 percent to 6.97 billion yuan, while imports totaled 1.87 billion yuan.
General public budget revenue amounted to 3.42 billion yuan, a 2.61 percent year-on-year increase.