The urban landscape of Hangzhou. [Photo/IC]

From January to May 2025, Hangzhou’s economy maintained steady growth, showing strong resilience amid multiple pressures, local media outlets reported.

Industrial output rose 6.6 percent year-on-year, driven by key sectors such as computing, telecommunications, auto manufacturing, and electrical machinery. The services sector also gained momentum, with revenue from major service providers growing 7.5 percent in the first four months.

Hangzhou's CBD. [Photo provided to ehangzhou.gov.cn]

Retail sales increased by 7.4 percent, marking the highest growth rate so far this year, boosted by policies encouraging consumption upgrades. Industrial investment grew by 8.5 percent, largely thanks to accelerated momentum in industrial transformation. Exports rose 14.9 percent, led by private enterprises and rapid growth in trade with Belt and Road countries.

Strategic emerging industries showed robust performance. The output of industrial robots surged 131.1 percent, while integrated circuit production rose 24.2 percent. Digital economy and high-tech service industries continued to outperform, adding new energy to Hangzhou’s high-quality development.