In 2025, the economy of Hailing district, Taizhou, proved resilient, with key indicators showing positive growth. The district's GDP reached 86.5 billion yuan ($12.46 billion), marking a 5 percent year-on-year increase, while general public budget revenue grew by 2.5 percent to 4.24 billion yuan. Consumer markets also thrived, with total retail sales of consumer goods rising by 5 percent.
Hailing also saw growth in industry. The automotive and motorcycle (electric bicycle) parts sector saw a 10.2 percent increase in sales, while the smart home appliance cluster exceeded 15.5 billion yuan in annual sales. The number of high-tech enterprises surpassed 210, indicating a robust innovation-driven economy.
Consumption was boosted through various initiatives. Subsidies totaling 57 million yuan helped bring consumer spending to more than 2 billion yuan. The arrival of popular brands like Hema Fresh and the opening of M Member Store boosted retail vibrancy. Over 200 cultural and tourism promotion events attracted visitors, enhancing the district's appeal.
Looking ahead to 2026, Hailing district has set ambitious targets. It aims for 5 percent GDP growth, a 2.5 percent rise in general public budget revenue, and a 5.5 percent increase in industrial added value among companies above designated size.
The district will focus on expanding effective demand, deepening reform and opening-up, and fostering new quality productive forces. By strengthening project construction and industrial foundations, Hailing is poised for sustained economic prosperity.