Tai'an's GDP in Q1-3 totals 257.26b yuan

Tai'an's GDP reached 257.26 billion yuan ($35.31 billion) in the first three quarters of this year, a year-on-year increase of 6.4 percent.

The added value of the primary, secondary, and tertiary industries were 30.42 billion yuan, 97.93 billion yuan and 128.91 billion yuan, growing 4.9 percent, 8.6 percent and 5.1 percent year-on-year respectively.

In the first three quarters, the total output value of the agriculture, forestry, animal husbandry, and fishery industry in Tai'an was 62.3 billion yuan, a year-on-year increase of 5.6 percent.

During the same period, the added value of large-scale industries in Tai'an increased 11.2 percent year-on-year. Among them, the added value of large-scale manufacturing increased 13.6 percent, which was 2.4 percentage points higher than that of large-scale industries. Twenty-two out of 37 major industries achieved year-on-year growth.

Among them, the added value growth rates of five major industries – electrical machinery and equipment manufacturing, black metal smelting and rolling processing, pharmaceutical manufacturing, food manufacturing, and non-metallic mineral mining and dressing – all exceeded 30 percent.

During the same period, the total retail sales of consumer goods in Tai'an increased 9.6 percent year-on-year to 91.34 billion yuan. Physical stores have shown signs of recovery, with the 27 monitored large-scale supermarkets achieving retail sales of 3.91 billion yuan, up 6.3 percent year-on-year.

The booming tourism market in Tai'an drove strong growth in the accommodation and catering industry in the first three quarters of this year. The turnover of accommodation businesses and catering businesses above a certain limit in the city increased by 36.7 percent and 23.5 percent respectively, effectively promoting the continued recovery and growth of consumption in the city.

Fixed asset investment in Tai'an increased by 8.3 percent year-on-year, of which investment in high-tech industries increased by 93.3 percent and investment in the "four new" industries – which refers to the economic forms featuring new technologies, new industries, new business forms and new models – increased by 13.3 percent year-on-year.

The total output value of the construction industry in Tai'an totaled 84.2 billion yuan, growing 7.6 percent year-on-year.

The total value of imports and exports in Tai'an hit 32.05 billion yuan, a year-on-year increase of 24.4 percent. Specifically, the total value of exports and imports grew 27.4 percent and 8.3 percent year-on-year to reach 27.62 billion yuan and 4.43 billion yuan respectively.

Tai'an's total general public budget revenue reached 18.77 billion yuan, a year-on-year increase of 7.6 percent.

The per capita disposable income of all residents reached 29,07 yuan, a year-on-year increase of 6.5 percent. Among them, urban and rural residents had an income of 35,219 yuan and 20,137 yuan, increases of 5.6 percent and 7.8 percent respectively.