Economy
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Gross Domestic Product[edit]
In 2022, Jiangyin reported a total Gross Domestic Product (GDP) of ¥475.418 billion, representing a year-on-year growth of 2.3%. The per capita GDP reached ¥266,600.
The value-added by sector was as follows:
Primary industry: ¥3.96 billion (up 1.6%)
Secondary industry: ¥247.363 billion (up 2.0%)
Tertiary industry: ¥224.095 billion (up 2.5%)
The ratio of the three sectors was 0.8:52.0:47.2. A total of 67,000 job opportunities were created during the year, with 30,300 new urban jobs and 5,735 reemployed individuals from urban disadvantaged groups. The surveyed urban unemployment rate was kept around 5%.
In support of entrepreneurship, 9,600 individuals started their own businesses, generating employment for 30,000 people. Government subsidies for entrepreneurship totaled ¥10.75 million, and guaranteed loans for entrepreneurship reached ¥31.93 million.
By the end of 2022, Jiangyin had 256,181 registered domestic market entities (up 5.5%), including 85,973 enterprises (up 3.9%) and 169,626 individual businesses (up 6.4%). Among enterprises, 3,845 were state- or collectively-owned, and 82,128 were private enterprises. The city also had 582 registered farmers' cooperatives.
Fiscal Revenue[edit]
By the end of 2022, Jiangyin's general public budget revenue totaled ¥22.683 billion. After accounting for VAT rebates, this represented a 6.8% decline year-on-year. Tax revenue reached ¥17.868 billion, down 8.6% under comparable conditions. General public budget expenditure was ¥24.459 billion, marking a 9.0% decrease from the previous year.
The balance of domestic and foreign currency deposits in financial institutions reached ¥537.522 billion, a 14.7% increase compared to the beginning of the year. Total loans stood at ¥424.991 billion, up 11.0%.
Among deposits, non-financial corporate deposits reached ¥246.272 billion (up 16.4%), and household deposits reached ¥214.711 billion (up 21.5%). On the lending side, loans to non-financial enterprises and government institutions amounted to ¥340.168 billion (up 11.8%), while household loans totaled ¥83.968 billion (up 7.8%).
As of the end of the year, Jiangyin had 447,400 securities accounts, up 5.4% from the beginning of the year. The total transaction volume by securities institutions was ¥1.1144 trillion, down 13.1%. The city was home to 59 listed companies, including 21 listed overseas and 38 listed domestically. Among the domestic listings, 16 were on the Shanghai Main Board, 13 on the Shenzhen Main Board, and 9 on the ChiNext Market.
Jiangyin recorded ¥8.993 billion in total insurance premiums, a 3.8% increase year-on-year. Of this, property insurance premiums accounted for ¥2.620 billion (up 4.9%), and life insurance premiums amounted to ¥6.372 billion (up 3.3%).
Industry and Construction[edit]
Jiangyin has a strong industrial foundation. Its industrial development began with traditional handicrafts during the Ming dynasty, was shaped by domestic capitalism in the late Qing dynasty, and surged after China's Reform and Opening-up in 1978 with the rise of township and village enterprises. The city benefited from three key phases: (1) the rise of grassroots industry in the early reform era, (2) the large-scale development of Shanghai's Pudong area in the 1990s, and (3) the Jiangsu Riverside Development Strategy and export-driven economy of the early 2000s.
In 2022, the total operating income of industries above designated size in Jiangyin reached ¥670.7 billion, a decrease of 4.7%. The product sales rate was 96.7%, down 1.5 percentage points. Total industrial profits reached ¥43.248 billion, an increase of 8.4%. Loss-making enterprises accounted for 17.8% of all above-scale enterprises, up 3.1 percentage points from the previous year, and total losses increased by ¥1.53 billion to ¥3.801 billion.
Out of 19 key products tracked, 8 saw production growth. Total electricity consumption for industrial use was 23.099 billion kWh, a 7.1% decrease.
The city's top 100 industrial enterprises achieved ¥433.063 billion in revenue and ¥35.098 billion in profits, accounting for 64.5% and 81.2% of above-scale industrial totals, respectively. Two enterprise groups—Hailan Group and CITIC Pacific Special Steel—recorded tax-based sales exceeding ¥100 billion. Two others—New Changjiang Industrial Group and Sanfangxiang Group—exceeded ¥50 billion, and four more—including Jiangsu Sunshine Group, Shuangliang Group, Envision Energy, and Huaxi Group—exceeded ¥30 billion.
In 2022, the total output value of the construction industry reached ¥12.431 billion, growing by 7.5%. The city earned one Jiangsu Province "Yangtze Cup" Quality Project award, 13 Wuxi "Taihu Cup" Quality Project awards, and 2 "Taihu Cup" awards for municipal infrastructure. Additionally, there were 19 provincial-level star-rated construction sites and 3 outstanding residential projects recognized by the province.
Agriculture[edit]
In 2022, Jiangyin's total grain output reached 130,900 tonnes, an increase of 0.3%. Of this, cereals accounted for 124,300 tonnes, up 0.2%. The total vegetable output was 393,000 tonnes, a slight increase of 0.1%, while fruit production reached 74,084 tonnes, down 0.4%.
The grain cultivation area was 19.14 thousand hectares, increasing by 0.13 thousand hectares compared to the previous year. The vegetable planting area was 12.27 thousand hectares, down by 0.01 thousand hectares, and the fruit planting area decreased by 0.06 thousand hectares to 2.51 thousand hectares.
In terms of animal husbandry, 25,200 pigs were slaughtered during the year, a decrease of 9.7%, and pork production was 1,984 tonnes, down 10.3%. The dairy cow inventory rose to 995 heads, up 42.3%, with milk output totaling 3,709 tonnes, an increase of 25.2%. Aquatic product output reached 20,169 tonnes, up by 0.5%.
