Nantong Grand Theater. [Photo/Nantong Daily]

In the first seven months of the year, the economy of Nantong in Jiangsu province has continued its stable recovery.

The added value of industries above designated size in Nantong increased 9.9 percent year-on-year in the Jan-July period, with July witnessing a 10.1 percent year-on-year increase.

The operating revenue of the culture, sports, and entertainment sectors of the service industry in Nantong expanded by 7.7 percent from the previous year in the first half of this year, while that of the top 100 service providers in the city totaled 13.12 billion yuan ($1.84 billion) during the same period, up 23.3 percent year-on-year.

Nantong's investment in fixed assets climbed 2.7 percent year-on-year in the first seven months of this year, with its industrial investment growing 5.4 percent year-on-year.

From January to July, the total retail sales of consumer goods in Nantong amounted to 244.18 billion yuan, driven by growth in online retail sales and a significant increase in new energy vehicle consumption.

By the end of July, the balance of local and foreign currency deposits among financial institutions in Nantong reached approximately 2.19 trillion yuan, an increase of 89.87 billion yuan over the figure at the beginning of the year and up 7 percent from the previous year.