Tai'an's GDP up 5.5% in H1

(chinadaily.com.cn) Updated: 2019-08-05

Tai'an's GDP up 5.5% in H1

A view of Nantian Gate of Mount Tai in Tai'an, East China's Shandong province. [Photo/IC]

According to statistics from the Tai'an municipal bureau of statistics, the city in East China's Shandong province saw an increase of 5.5 percent in its GDP to 204.81 billion yuan ($29.15 billion) in the first half of the year.

The added value of the primary industry increased by 0.8 percent, and the secondary industry by 2.4 percent, while the tertiary industry by 9.1 percent in the period.

The industrial structure was adjusted as the primary, secondary, and tertiary industries accounted for 8.7 percent, 42.9 percent, and 48.4 percent respectively compared to 8.7 percent, 44 percent, and 47.3 percent in the same period last year.

The proportion of tertiary industry in GDP increased by 1.1 percentage points compared with that of secondary industry, which increased by 5.5 percentage points.

The added value of transportation, warehousing and the postal service sector, financial industry, real estate industry (category K), as well as other profit-making service industries increased by 16.8 percent, 10.1 percent, 9.5 percent, and 12.2 percent respectively to drive the tertiary industry to achieve rapid growth.

In the first half of the year, the city’s retail sales of consumer goods increased by 1.2 percent year-on-year, 3 percentage points higher than the first quarter.

The total value of imports and exports increased by 14.6 percent year-on-year, 0.6 percentage points higher than the first quarter.