“准两万亿”城市出分，还差一步之遥

Core Viewpoint - In 2025, Ningbo's GDP reached 1.8716 trillion yuan, with a year-on-year growth of 4.9%, indicating overall stable economic performance and progress in high-quality development [1] Economic Performance - Ningbo's GDP composition by industry shows the primary industry added value at 47.2 billion yuan (3.9% growth), secondary industry at 786.6 billion yuan (4% growth), and tertiary industry at 1,037.8 billion yuan (5.6% growth) [1] - The contribution rates to GDP growth from the three industries were 1.9%, 36.2%, and 61.9% respectively [1] Comparison with Targets - Ningbo's 2025 GDP of 1.8716 trillion yuan falls short of the target of 2 trillion yuan set for entering the top 10 cities in China [2] - The year-on-year growth of 4.9% is lower than the national and provincial averages by 0.1 and 0.6 percentage points respectively [2] Industrial Performance - The industrial output value above designated size in Ningbo grew by 5.3%, which is below the national and provincial growth rates by 0.6 and 1.6 percentage points respectively [2] - High-tech, digital economy, and equipment manufacturing sectors saw increases of 11.9%, 6.9%, and 5.9% respectively, outperforming the overall industrial growth [2] Demand Side Analysis - The total retail sales of social consumer goods in Ningbo reached 570.3 billion yuan, with a year-on-year growth of 1.8% [4] - Fixed asset investment decreased by 21.4%, while export value was 980.8 billion yuan, growing by 3.7% [4] - Ningbo's foreign trade dependence is at 78.3%, significantly higher than the national average of 32.5% and provincial average of 58.4% [4] Competitive Positioning - As of 2025, Ningbo's GDP ranks 11th nationally, trailing behind Nanjing by nearly 80 billion yuan and ahead of Tianjin by approximately 16 billion yuan [4] - The city aims for a GDP of 2.6 trillion yuan by 2030, indicating a target growth of nearly 40% over the next five years [4]