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Tai'an economy sees steady growth from Jan to Feb

(chinadaily.com.cn) Updated: 2021-04-06

Tai'an economy sees steady growth from Jan to Feb
 
Tai'an, East China's Shandong province [Photo by Liu Guoqiang/chinadaily.com.cn]

Tai'an, East China's Shandong province, saw steady economic growth from January to February this year. From January to February, the city's industrial added value increased by 36.3 percent year-on-year, 5.2 percentage points higher than the provincial average, and 22.3 percent higher than the same period in 2019, before the onset of the epidemic.

Fixed asset investment in the city increased by 26.4 percent year-on-year, with its growth rate ranking seventh in the province, 4.3 percentage points higher than the provincial average. Its fixed asset investment grew by 4.1 percent from the same period in 2019.

Last year, the city's marketing industry was heavily affected by the epidemic, while since the beginning of this year its market sales has maintained rapid growth. From January to February, retail sales of consumer goods in the wholesale, retail, accommodation, and catering industries above designated size reached 4.16 billion yuan ($635.7 million), up 48.3 percent year on year and ranking seventh in the province.

Tai'an also saw rapid growth in financial revenue during this period, as the city's general public budget revenue reached 4.34 billion yuan, up 15.6 percent year-on-year.