Ongoing Economic Structural Transformation Although GDP Growth Slowed Down
Yancheng is a municipal city under Jiangsu province. Yancheng’s GDP growth further slowed to 5.1% in 2019, compared with Jiangsu’s 6.1% and China’s 6.1%. Yancheng’s economic growth in 2019 was mainly fuelled by the tertiary industry in 2019, which accounted for 47.5% of Yancheng’s total GDP and reported a growth of 7.5%. Yancheng’s whole-year GDP amount and GDP growth rate were ranked 8th and 13th respectively in Jiangsu Province in 2019 (7th and 10th in 2018, out of a total of 13 municipal cities).