财政收入20强城市出现大洗牌：杭州太抢眼，重庆略高天津，武汉11

Core Insights - The fiscal revenue of major Chinese cities has shown significant changes in the first three quarters of 2025, with Shanghai, Beijing, and Shenzhen leading the rankings, reflecting the solid strength of first-tier cities [1][6] - The overall ranking has undergone a reshuffle, with cities like Hangzhou and Chongqing demonstrating new economic vitality, indicating a strong recovery and diversified development in the Chinese economy [1][6] Group 1: Fiscal Revenue Highlights - Shanghai's total revenue reached 655.568 billion yuan, an increase from 649.396 billion yuan in the same period of 2024 [6] - Beijing's revenue was 503.990 billion yuan, up from 486.624 billion yuan year-on-year [6] - Shenzhen reported a revenue of 313.214 billion yuan, compared to 296.800 billion yuan in the previous year [6] Group 2: Emerging Cities and Economic Drivers - Hangzhou ranked 13th with a fiscal revenue of 98.290 billion yuan, driven by its digital economy and significant contributions from leading companies like Alibaba and Hikvision [3] - Chongqing, in 6th place, reported a revenue of 187.800 billion yuan, benefiting from its automotive and electronics industries, with a 25% growth in logistics revenue [4] - Wuhan, ranked 11th with 129.896 billion yuan, showcased a solid industrial upgrade foundation, particularly in the electronics and automotive sectors [5] Group 3: Economic Growth Indicators - The digital trade scale in Hangzhou surpassed 750 billion yuan, with a year-on-year growth of over 15% [3] - Chongqing's industrial added value exceeded 1.2 trillion yuan, with foreign direct investment increasing by 18% [4] - Wuhan's new energy vehicle production grew by 35%, with export values reaching 20 billion USD [5]