A bird's-eye view of Nantong. [Photo/Xu Congjun]

Nantong in East China's Jiangsu province experienced continuous recovery in the first 10 months of this year, local media reported on Nov 27.

The added value of the industries above designated size in the city expanded by 8.6 percent year-on-year during that period while the figure jumped 9.9 percent year-on-year in October alone.

The added value of the city's transportation equipment, chemical fiber, dedicated devices, electrical machinery, and chemical engineering industries achieved double-digit increase in the Jan-October period.

The total retail sales of consumer goods in Nantong amounted to 352.12 billion yuan ($49.47 billion) in the first 10 months, up 6.4 percent year-on-year. Green consumption grew rapidly with the retail sales of new energy vehicles surging 69.2 percent year-on-year.

During the same period, the fixed asset investment in the city increased 1.1 percent year-on-year. A total of 781 projects valued at more than 500 million yuan are under construction, 53 more than that last year.

The city's general public budget revenue reached 60.7 billion yuan in the Jan-October period, a year-on-year increase of 12.7 percent, including 47.51 billion yuan from local taxation.

By the end of October, the balance of local and foreign currency deposits at local financial institutions exceeded 2 trillion yuan, up 16.3 percent-year-on-year, while the balance of local and foreign currency loans totaled more than 1.8 trillion yuan, up 13.7 percent year-on-year.