Tai'an economy shows steady growth in H1

(chinadaily.com.cn) Updated: 2025-07-29

Tai'an's economy has performed well in the first half of this year, with key indicators reflecting a stable and improving situation. The city's GDP grew by 6.2 percent year-on-year, reaching 192.34 billion yuan ($26.79 billion). The three main industries all contributed to this growth: the primary industry increased by 3.8 percent, the secondary industry by 5.5 percent, and the tertiary industry by 7.2 percent.

Industrial production remained strong, with the added value of large-scale industries rising by 7.6 percent. The manufacturing sector led the way, accounting for 95 percent of industrial growth. The construction industry also performed well, with a total output value of 61.03 billion yuan, up by 5.7 percent. Services continued to be a major driver of growth, with revenue from large-scale service enterprises growing by 11 percent.

Investment, consumption, and foreign trade – the three main drivers of economic growth – coordinated to boost the economy. Fixed asset investment increased by 5.1 percent, while retail sales of consumer goods went up by 7.6 percent. Foreign trade remained resilient, with total imports and exports reaching 29.22 billion yuan, up by 18 percent.

The city's fiscal revenue and expenditures were stable, with a general public budget income of 16.62 billion yuan, up by 4.2 percent. These positive economic indicators reflect Tai'an's commitment to high-quality development and its efforts to pursue new development concepts.