Tai'an's economy sees stable growth in Jan-May
China DailyAccording to statistics from the Tai'an statistics bureau, the city's economy posted a recovery in the Jan-May period this year. During that period, the added value of Tai'an's industrial enterprises above designated size increased by 11.4 percent year-on-year, ranking 5th in the province in terms of growth rate. Specifically, high-tech manufacturing industries such as optical cables, lithium-ion batteries, and industrial automatic regulation instruments and control systems saw their production output increase by 115.3 percent, 51.2 percent, and 14.6 percent respectively. From January to May, fixed asset investment in Tai'an increased by 12.5 percent year-on-year, the fourth highest in the province. Industrial investment increased by 31.9 percent, manufacturing investment increased by 31.8 percent, and investment in the four new industries – new materials, new energy, new equipment, new medicine – increased by 22.9 percent.