The gross domestic product (GDP) of Taiyuan, capital of North China's Shanxi province, increased 9.2 percent year-on-year to 512.16 billion yuan ($81.01 billion) in 2021.
The added value of the primary, secondary and tertiary sectors of the local economy reached 4.48 billion yuan, 211.31 billion yuan, and 296.37 billion yuan, respectively.
The added value of all industrial companies above a designated size – those with annual sales revenue of 20 million yuan or more – increased 15.1 percent, 11.9 percentage points higher than in 2020.
Among the industries, the added value of the equipment manufacturing and high-tech manufacturing industries grew 29.9 percent and 36 percent, respectively.
The city's fixed asset investment increased 7.9 percent, and investment in urban infrastructure construction grew rapidly, accounting for 23 percent of total fixed asset investment. Large-scale project investment played an obvious supporting role, with 109 projects each worth over 1 billion yuan under construction in the city.
Consumption recovered steadily and online retail flourished in Taiyuan. Total local retail sales of consumer goods rose 13.2 percent year-on-year to 187.39 billion yuan, and enterprises above designated size achieved 15.65 billion yuan in online retail sales, accounting for 14.8 percent of the total.
Consumer prices rose moderately by 1 percent over the same period in 2020, and the increase was 1.6 percentage points lower than in 2020.
In addition, the city's per capita disposable income reached 38,381 yuan, an increase of 2,908 yuan over 2020.