杭州1-5月经济韧性生长

Economic Overview - Hangzhou's economy shows strong resilience and vitality amid complex international conditions and transformation pressures, with consumption policies driving demand recovery and robust industrial support [2] - The city's social retail sales grew by 7.4% year-on-year in the first five months, marking the highest growth rate this year, outperforming the provincial average of 7.2% [2] Consumption Recovery - The recovery in consumption is closely linked to national efforts to boost consumer spending, with 162 billion yuan allocated for consumption incentives in the first two batches and an additional 138 billion yuan planned for the third and fourth quarters [3] - Hangzhou has implemented various consumption promotion activities, including a food festival and expanding the "old-for-new" policy, which is expected to enhance consumer willingness and capability [3] Foreign Trade Performance - Hangzhou's exports reached 251.7 billion yuan in the first five months, growing by 14.9%, with private enterprises contributing significantly to this growth [4] - Exports to countries involved in the Belt and Road Initiative increased by 23.7%, indicating the effectiveness of diversified foreign trade strategies [4] Investment Trends - Fixed asset investment in Hangzhou saw a slight increase of 0.2%, with industrial investment growing by 8.5%, reflecting strong confidence among technology-intensive enterprises [5] Industrial Growth - The industrial sector in Hangzhou demonstrated stable recovery, with a 6.6% year-on-year increase in industrial added value, amounting to 181.7 billion yuan [6] - Strategic emerging industries outperformed the overall industrial growth, with a remarkable 8.7% increase in added value, particularly in integrated circuits and industrial robots, which saw production growth of 24.2% and 131.1%, respectively [7] Service Sector Recovery - The service sector also showed steady recovery, with a 7.5% increase in revenue for the first four months, particularly in digital economy and high-tech services, which grew by 11.7% and 10.2%, respectively [8]