Economic Overview - Hangzhou's GDP for the first half of the year reached 1,130.3 billion yuan, with a year-on-year growth of 5.5%, accelerating by 0.3 percentage points compared to the first quarter [1] - The contribution of the service industry to economic growth is nearly 70%, indicating its critical role in driving high-quality development [1] Industrial Performance - The industrial added value for large-scale enterprises in Hangzhou was 225.2 billion yuan, showing a year-on-year increase of 6.9% [1] - High-tech industries, strategic emerging industries, and equipment manufacturing saw added value growth rates of 8.5%, 9.2%, and 10.5% respectively, all exceeding the average level of large-scale industries [1][2] Manufacturing Sector - The automotive manufacturing sector is a key focus for Hangzhou, with a significant increase in new energy vehicle production by 117.8% in the first half of the year [2] - The city is actively building five industrial ecological circles to enhance innovation, value addition, and supply chain reliability [2] Consumer Market - The total retail sales of consumer goods in Hangzhou reached 458.5 billion yuan, with a year-on-year growth of 6.0% [2] - The "replace old appliances" policy led to a remarkable increase in retail sales of household appliances and audio-visual equipment by 97.5% [2] Foreign Trade - Hangzhou's total import and export volume was 436.6 billion yuan, growing by 7.1% year-on-year, with exports reaching 309.8 billion yuan, an increase of 12.5% [2] - Private enterprises played a significant role, with exports amounting to 238.0 billion yuan, growing by 13.4%, which is 0.9 percentage points faster than the overall export growth [2] Service Industry - The added value of the service industry in Hangzhou was 847.4 billion yuan, with a year-on-year growth of 5.7%, accelerating by 0.7 percentage points compared to the first quarter [3] - The recovery of the service industry and consumer market is linked to the steady increase in residents' income, which reached 44,709 yuan per capita, growing by 4.7% year-on-year [3]

Group 1 - The 7th China Western International Investment and Trade Fair (West Expo) opened in Chongqing, featuring 124 major project signings with a total investment amount exceeding 200 billion RMB [1] - The West Expo is one of the most influential investment events in Western China, attracting over 1,300 enterprises and institutions from 39 countries and regions, with Thailand as the guest country and Hong Kong as a newly established guest city [1] - The signed projects aim to gather global quality resources and promote the implementation of leading projects in the western region, with nearly 160 billion RMB in contracts for key industries such as intelligent connected new energy vehicles and advanced materials [1] Group 2 - The West Expo consists of two main parts: exhibition displays and thematic activities, covering an exhibition area of 110,000 square meters [2] - A total of 34 activities will be held during the conference, including themes on productive services supporting modern industrial development and foreign investment activities [2]