Economic Overview - In the first half of 2024, Jiangsu Province's GDP reached CNY 63,326.3 billion, with a growth rate of 5.8%, surpassing the national growth rate by 0.8 percentage points[5] - Taizhou's GDP in 2023 was CNY 673.17 billion, doubling from a decade ago, contributing 5.2% to Jiangsu's total GDP[7] - Taizhou's GDP growth rate for the first half of 2024 was 5.8%, aligning with Jiangsu's overall growth rate[7] Industrial Performance - The industrial sector in Taizhou accounted for 38.7% of the GDP, with significant contributions from construction (10.6%) and wholesale and retail (9.0%) in 2022[9] - In 2023, Taizhou's industrial added value was CNY 2,497.3 billion, with a growth rate of 6.1%[11] - The number of industrial enterprises in Taizhou increased, with 3,676 enterprises reported by the end of 2022, ranking 8th in Jiangsu[11] Debt and Financial Strength - Taizhou's government has focused on reducing debt costs and addressing hidden debts, with ongoing efforts to improve fiscal strength amid economic pressures[1] - The city aims for a GDP growth of over 6% in 2024, with specific targets for agriculture and service sectors set at 4% and 6% respectively[7] Market Trends - The healthcare industry in Taizhou, a key sector, saw a decline in production in 2023, with major companies experiencing significant drops in output[12] - The overall industrial profit margin in Taizhou faced pressure, with a reported 13.8% of industrial enterprises operating at a loss in 2023[12]
祥泰之州,产业强化与债务承压并行
Si Lu Hai Yang·2024-10-09 10:03