Population - Ningbo has a permanent population of 9.777 million in 2024, with an urbanization rate of 80.9% and over 6 million in the urban area, experiencing an average annual increase of 80,000 people over the past decade, driven by the automotive and green petrochemical industries [3][5] - Hangzhou has a permanent population of 12.624 million, an urbanization rate of 84.8%, and over 10 million in the urban area, with a net inflow of 102,000 people in 2024, benefiting from internet giants and a leading rate of high-end talent inflow [3][5] Gross Domestic Product (GDP) - Ningbo's GDP in 2024 is 1.81477 trillion yuan, with a growth rate of 5.4%, and a per capita GDP of 186,000 yuan, showing a significant increase in the service sector [5][7] - Hangzhou's GDP totals 2.186 trillion yuan, with a growth rate of 4.7%, and a per capita GDP of 174,000 yuan, indicating a more stable economic structure [5][7] Income and Consumption - Ningbo's per capita disposable income is 74,806 yuan, with urban residents earning 83,110 yuan and rural residents 51,203 yuan, showing a rural-urban income ratio of 1.62:1 [8][10] - Hangzhou's per capita disposable income is 76,777 yuan, with urban residents earning 83,356 yuan and rural residents 50,805 yuan, with a rural-urban income ratio of 1.64:1 [8][10] Industrial Strength - Ningbo's industrial added value grew by 7.5%, with significant outputs in green petrochemicals and automotive manufacturing, and a 139.3% increase in new energy vehicle production [10][12] - Hangzhou's industrial added value grew by 4.8%, with a core digital economy industry added value of 630.5 billion yuan, and a 15% increase in industrial robot production [10][12] Trade - Ningbo's total import and export volume is 1.42 trillion yuan, with a growth of 11.1%, and the port's cargo throughput reaching 1.38 billion tons [12][14] - Hangzhou's total import and export volume is 854.9 billion yuan, with a growth of 6.4%, and a cross-border e-commerce import and export volume of 152 billion yuan [12][14] Healthcare and Education - Ningbo has 10 tertiary hospitals and 15 universities, with a research funding intensity of 2.8% [14][16] - Hangzhou has 62 tertiary hospitals and 47 universities, with a research funding intensity of 3.5% [14][16] Financial Strength - Ningbo's general public budget revenue is 232.02 billion yuan, with a tax revenue of 168.75 billion yuan, and a financial institution deposit balance of 3.66 trillion yuan [16][18] - Hangzhou's general public budget revenue is 264 billion yuan, with a tax revenue of 228.3 billion yuan, and a financial institution deposit balance of 7.95 trillion yuan [16][18] Urban Development and Transportation - Ningbo has an urban area of 1,030 square kilometers, with 465 kilometers of operational metro lines and over 500 kilometers of high-speed rail [18][20] - Hangzhou has an urban area of 830 square kilometers, with 516 kilometers of operational metro lines and over 800 kilometers of high-speed rail [18][20] Cultural and Tourism - Ningbo has 6 national first-class museums and 2 5A-level scenic spots, with tourism revenue exceeding 200 billion yuan in 2024 [20][21] - Hangzhou has 8 national first-class museums and 3 5A-level scenic spots, with tourism revenue exceeding 300 billion yuan in 2024 [20][21] Summary of Strengths - Ningbo excels in per capita GDP, industrial growth, port economy, private sector vitality, and urban-rural balance [24] - Hangzhou excels in economic total, healthcare and education, digital economy, aviation hub, and tourism revenue [24] - Both cities are on par in population inflow and urbanization rate improvement potential [24]