Jīngjì fāzhǎn le, rénmín de shēnghuó shuǐpíng suízhī tígāo.
The economy developed, and people's living standards improved accordingly.
Tips
grammar
随之 means 'following that' and connects two events in a cause-and-effect sequence. The 之 refers back to the preceding event. Common pattern: A happened, B 随之 happened. More formal variant: 随之而来 (to follow on from that).