Tai'an in Shandong province posted stable economic growth from January to May.

Statistics indicate that the added value of industries above designated size increased by 7.5 percent year-on-year in January, and the growth rate ranked sixth in the province.

Tai'an's 21 out of 37 major industries also recorded growth in equipment manufacturing, consumer goods manufacturing and high-tech manufacturing sectors, with increases of 23.4 percent, 19.7 percent, and 76.3 percent, respectively, in the first five months year-on-year.

As the epidemic prevention and control situation continues to improve, the consumer market continues to show stronger momentum of steady growth. 

From January to May, Tai'an's retail sales of units above designated size reached 11.03 billion yuan, a year-on-year growth of 6.5 percent.

In terms of foreign trade, Tai'an achieved 12.42 billion yuan in exports, an increase of 43.3 percent.

From January to May, Tai'an's fixed assets investment increased 12.1 percent year-on-year, and its industrial investment increased 9 percent. 

During the same period, major investment sectors posted a positive trend, with basic infrastructure investment increasing 7.7 percent and private investment increasing 15.4 percent.