Tai'an enjoys sound economic operation in first 10 months

According to the Tai'an municipal bureau of statistics, the city's economic operation remained stable from January to October in 2021.

The city's industrial production maintained stable growth, with the added value of industries above designated size increasing by 9.6 percent year-on-year in the first 10 months of the year. In particular, the added value of the ferrous metal mining and beneficiation industry achieved a rapid growth of 44.8 percent.

The city's consumer market continued to grow rapidly. Statistics show that from January to October, the retail sales of enterprises above designated size reached 20.15 billion yuan ($3.16 billion), up 12.9 percent year-on-year.

The city's tax revenue remained stable. Statistics show that the city's domestic tax revenue in the 10-month-period was 27.38 billion yuan, an increase of 12.5 percent.

The city's RMB deposit balance was 485.40 billion yuan, an increase of 6.5 percent from the beginning of the year, while its loan balance was 352.7 billion yuan, an increase of 12.5 percent.

The city's consumer price index also remained stable. Statistics show that the city's commodity prices rose by 2.3 percent year-on-year, the price of eggs and grain increased by 13.3 percent and 4.8 percent respectively, while the price of poultry and livestock fell by 1.7 percent and 24.8 percent respectively in October.