Hai'an advances stably in economic development in the first four months of 2022 amid the COVID-19 epidemic. [Photo/WeChat account: gh_fcf610cf10c4]

Though the macroeconomic situation was complex and the COVID-19 pandemic situation was severe, Hai'an – a county-level city administered by Nantong in East China's Jiangsu province – achieved stable economic progress in the first four months of this year.

From January to April, the city's industrial taxable sales reached 76.04 billion yuan ($11.35 billion), up 9.7 percent year-on-year, and ranked first among Nantong's administrative divisions. The industrial electricity consumption during the period totaled 1.56 billion kilowatt-hours, up 2.93 percent year-on-year.

The modern service industry in Hai'an achieved high-quality development. From January to April, the taxable sales of the service sector hit 36.16 billion yuan, and the total retail sales of consumer goods totaled 13.2 billion yuan.

In the first four months of the current year, Hai'an has witnessed growing demand in foreign markets. The total import-export volume during the period exceeded 6.36 billion yuan, a year-on-year increase of 11.4 percent. The exports were valued at around 5.17 billion yuan, up 20.3 percent year-on-year.

Hai'an reported stable performance in finance and taxation from January to April. The general public budget revenue of the period was valued at 2.13 billion yuan. By the end of April, the total amount of loans handed out to the manufacturing industry in the city hit 35.1 billion yuan, a year-on-year growth of 12.42 percent.