Tai'an's GDP in first three quarters of 2018 reaches $41.97b

(chinadaily.com.cn) Updated: 2018-10-31

Tai'an's GDP in the first three quarters of the year 2018 reached 289.59 billion yuan ($41.97 billion), according to the city's bureau of statistics, a year-on-year increase of 5.8 percent.

The total retail sales of consumer goods in the first nine months were 119.48 billion yuan, increasing by 9.3 percent year-on-year, while the export-import revenue amounted to 11.78 billion yuan, with a year-on-year growth rate of 4.2 percent.

The industrial value added of enterprises with an annual industrial output value above 20 million yuan increased by 5.5 percent, and fixed-asset investment grew by 5.7 percent, 0.7 percentage points higher than in the first quarter of the year.

From January to September of 2018, Tai'an received a total of more than 520 million tourists from home and abroad, increasing by 9 percent over the previous year, and the tourism consumption by domestic tourists amounted to 56 billion yuan, a year-on-year increase of 13 percent.

Revenue in the general public budgets reached 20.26 billion yuan, growing by 5 percent compared to that of the previous year. The tax revenue of the city during the nine months was 22.04 billion yuan, an increase of 14.1 percent year-on-year and accounting for 62.2 percent of the revenue in the general public budgets.

Tai'an also founded a municipal-level project database to facilitate its energy conversion process. A total of 209 projects were included in the database, of which 31 were selected into the Shandong's provincial-level new and old kinetic energy conversion project database, accounting for 6.9 percent of the province's total.

Tai'an's GDP in first three quarters of 2018 reaches $41.97b

Tai'an's GDP in the first three quarters of the year 2018 reached 289.59 billion yuan, a year-on-year increase of 5.8 percent. [Photo/1545ts.com]

Tai'an's GDP in first three quarters of 2018 reaches $41.97b

The tourist hotspot of Mount Tai is located in Tai'an, East China's Shandong province. [Photo/VCG]