Tai’an city's economy maintains stable growth in H1
|Tai'an, Shandong province [Photo/VCG]|
Tai'an, East China's Shandong province, sees steady economic growth in the first half of the year, local officials said.
The city’s GDP reached 128.8 billion yuan ($18.4 billion), with a year-on-year growth of 0.3 percent. The industrial economy is gradually recovering from the impact of the epidemic.
Industrial added value above designated size has maintained positive growth for the past three months, including 8.3 percent growth in June.
The city's government has put much emphasis on the upgrading of industrial technology, with a growth rate of 90.3 percent.
The construction industry is also recovering, and its total output value rose by 1.8 percent year-on-year in the first six months.
Consumption has also increased, with consumption of smart home appliances and audio and video equipment increasing by 31.1 percent.