长三角41城半年考，“成绩单”来了

Core Insights - The economic data for 41 cities in the Yangtze River Delta for the first half of 2025 shows a stable GDP ranking, with some cities experiencing notable growth, particularly in the consumption sector, which exhibits internal differentiation [1][2]. GDP Performance - The Yangtze River Delta has nine cities with a GDP exceeding 1 trillion yuan, with Nantong moving up from 8th to 7th place, surpassing Hefei [2]. - Zhoushan leads in GDP growth with a reported GDP of 110.91 billion yuan, reflecting a year-on-year increase of 6.9%, driven primarily by industrial growth [2]. - Major cities' GDP figures for the first half of 2025 include: - Shanghai: 2622.215 billion yuan, growth of 5.1% - Suzhou: 1300.235 billion yuan, growth of 5.7% - Hangzhou: 1130.3 billion yuan, growth of 5.5% - Nanjing: 917.918 billion yuan, growth of 5.3% - Ningbo: 886.1 billion yuan, growth of 5.1% [3]. Consumption Trends - The overall retail sales growth in the Yangtze River Delta outpaced the national average of 5.0%, with Jiangsu province achieving a retail sales total of 2.39 trillion yuan, marking a net increase of 113.72 billion yuan [5]. - Consumption growth is uneven, with first-tier cities like Shanghai showing slower growth (1.7%) compared to third and fourth-tier cities, which are exhibiting stronger consumption dynamics [5][6]. - Notable retail sales figures include: - Shanghai: 826.041 billion yuan, growth of 1.7% - Suzhou: 463.5 billion yuan, growth of 3.8% - Hangzhou: 458.5 billion yuan, growth of 6% - Nanjing: 438.422 billion yuan, growth of 5.3% [8]. Regional Economic Challenges - Some traditional industries are facing slower growth, particularly in cities like Huainan and Huaibei, which reported GDP growth rates of 4.0% and 3.4%, respectively, indicating a need for economic transformation [4]. - Cities like Wenzhou and Xuzhou are approaching the 1 trillion yuan GDP target, with Wenzhou at 483.19 billion yuan and Xuzhou at 450.93 billion yuan, both showing promising growth rates [4].