From January to November last year, Tai'an's service industry achieved an operating income of 33.85 billion yuan ($4.62 billion), a 10.3 percent year-on-year increase, ranking fourth in the province for growth rate. This trend shows a stable and positive overall operation.

With the maturation of technologies like cloud computing, artificial intelligence, and big data, the proportion of business driven by new technologies is steadily rising, leading to the vigorous development of emerging industries.

During the same period, the city's modern service industry above a certain scale saw an operating income of 26 billion yuan, making up 76.8 percent of all large-scale service industries. The operating income increased by 12.6 percent year-on-year, driving a 9.5 percentage point increase in operating income for all large-scale service industries.

High-tech services and strategic emerging services unleashed new development vitality, achieving operating incomes of 12.7 billion yuan and 16.18 billion yuan, representing increases of 9.8 percent and 9.9 percent respectively compared to the same period in 2023.

The private economy is a significant force driving Tai'an's economic and social development. Last year, the private economy in Tai'an continued to thrive.

As of November 2024, 447 of the large-scale service enterprises in the city were private, accounting for 83.7 percent. These enterprises generated an operating income of 21.42 billion yuan, representing 63.3 percent of the total operating income of all large-scale service industries. The operating income increased by 13.8 percent year-on-year, driving an 8.5 percentage point increase in the operating income growth rate of all large-scale service industries in the city. The overall development trend remains positive.