Hangzhou's GDP reached 1.81 trillion yuan ($271.82 billion) in the first three quarters of this year, up 5.2 percent year-on-year.

The city's advanced manufacturing clusters recorded an output value of 1.14 trillion yuan, up 9.5 percent; value added in manufacturing industries related to the core digital economy grew 16.8 percent; and revenue from core AI industries rose 28.6 percent to 429.8 billion yuan.

The service sector grew 5.3 percent to 1.35 trillion yuan, accounting for 75.8 percent of the city's economic growth; from January to August, revenue in digital economy-related services and high-tech services rose 12.7 percent and 10.9 percent, respectively.

Investment in industry rose 9.6 percent, with manufacturing investment up 10.5 percent, while retail sales of cosmetics and smart wearable devices increased 24.7 percent and 222.2 percent, respectively, reflecting robust demand for quality and smart consumer products.

Residents' per capita disposable income rose 4.8 percent to 67,135 yuan, while rural residents' income grew 6.3 percent to 43,786 yuan.