A view of Hangzhou, an emerging tech hub in East China's Zhejiang province. [Photo/ VCG]

The economy of Hangzhou expanded steadily in the first half of 2025, with GDP hitting 1.13 trillion yuan ($157 billion), up 5.5 percent year-on-year.

That's according to data released on July 24 by the Hangzhou municipal government.

By sector, the city's primary industry added 15.7 billion yuan during the period, up 2.8 percent. The secondary industry generated 267.2 billion yuan, up 5.3 percent while the tertiary industry contributed 847.4 billion yuan, up 5.7 percent, which added over 70 percent to overall growth.

Industrial output remained a key driver. The value added of large-scale industries grew 6.9 percent to 225.2 billion yuan. The high-tech, strategic emerging and equipment manufacturing industries posted growth of 8.5 percent, 9.2 percent and 10.5 percent respectively.

Most notably, new energy vehicle output surged 117.8 percent, highlighting the strength of Hangzhou's advanced manufacturing sector.

Retail sales totaled 458.5 billion yuan, up 6.0 percent. Consumption upgrades were evident, with household appliance sales surging 97.5 percent and communications equipment up 40.9 percent, boosted by supportive policies.

Foreign trade also showed resilience, with the value of total imports and exports up 7.1 percent to 436.6 billion yuan. Exports rose 12.5 percent to 309.8 billion yuan, driven largely by private enterprises, which contributed 238 billion yuan, up 13.4 percent.

Exports to countries involved in the Belt and Road Initiative reached 151.7 billion yuan, up 19.9 percent.

The service sector continued to play a pivotal role, with its value added reaching 847.4 billion, up 5.7 percent. Rising resident incomes supported the growth — per capita disposable income grew 4.7 percent to 44,709 yuan, with the urban-rural income gap narrowing.

Looking ahead, local officials say Hangzhou will continue to cultivate new productive forces and deepen its structural optimization to sustain high-quality development.

The Hangzhou International Conference Center, a landmark of Hangzhou's CBD. [Photo/IC]