In recent years, Haining has adopted a project- driven model for industrial development, and kept promoting the launch of major real economy projects, with a view to providing strong support for industrial transformation. In 2016, the total output value of industrial enterprises with an annual revenue of RMB 20 million or more increased by 3.6% to RMB 145.6 billion, with the value added reaching 28.05 billion RMB, up by 5.2%. In 2016, the fixed asset investment in Haining was RMB 55.54 billion, an increase of 8.0% over the previous year. The productive investment in the city reached RMB 25.23 billion, rising by 11.1%, with the proportion in the total fixed asset investment increasing to 45.42% from 44.16%, leading to an increasingly optimized investment structure. With the transformation and upgrading of industrial clusters, Haining has witnessed an increasing demand for investment in technical reformation. Haining economic volume increasing at a compound annual growth rate of 8.24%, ranking the first in Jiaxing. Haining GDP reached in 2016, RMB 74.41 billion, an increase of 6.4% over the previous year, which accounts for 19.8% of the total GDP of Jiaxing. Haining is famous for its leather-silhouette show (also known as shadow play), colored lanterns, and tidal bore viewing. Haining began to be inhabited as early as the New Stone Age some 6,000 years ago. During the Spring and Autumn period (770-476BC), it became part of the State of the Wu and then belonged to the State of the Yue before coming under the State of the Chu. In 221BC, during the Qin Dynasty, it fell under the jurisdiction of Changshui County (present-day Jiaxing). In 223AD, or the second year of the reign of Wu State King Huangwu of the Three Kingdoms period, it became known as Yanguan County. In 1295, or the first year of the reign of Yuan Emperor Yuanzheng, the county was promoted to be Yuanguan Prefecture. It became Haining Prefecture in 558. As the sea often encroached upon the prefecture via the Qiantangjiang River, the area was renamed Haining Prefecture in 1329 in the hope of calming the waves (in Chinese, “hai” means sea and “ning” to calm or pacify), and it remains so today.