The economy of Tai'an in Shandong province has posted a rebound trend this year despite pressure from the COVID-19 pandemic and complex global situation.

From January to November, the added value of industries above the designated size grew by 9 percent year-on-year, ranking third in the province in terms of growth rate. Twenty-four industries out of 37 posted positive growth.

During the same period, Tai'an's fixed asset investment increased 17.9 percent year-on-year.

The city's foreign import and export volume reached 35.79 billion yuan ($5.13 billion), an increase of 37.4 percent, and ranked second in the province.

During the 11 months, the city's retail sales of consumer goods above designated size grew by 6.4 percent year-on-year, ranking fourth in the province in terms of growth rate.

On top of that, Tai'an's high-tech industries maintained strong growth, with its added value increasing 43.5 percent year-on-year.

Tai'an's general public budget revenue in the first 11 months hit 20.91 billion yuan and its consumer price index grew by 1.3 percent year-on-year.

Furthermore, the city created over 46,000 new jobs during the period.