Economic Overview - Hangzhou's economy shows a stable and positive development trend amid a complex macroeconomic environment, supported by various policy measures [1] - The city's industrial output value has significantly increased compared to the same period last year, driven by support for high-tech and strategic emerging industries [1] Industrial Performance - From January to May, the added value of industrial enterprises above designated size in Hangzhou grew, with notable increases in sectors such as computer communication and electronic equipment manufacturing (17.2%), automotive manufacturing (23.5%), and electrical machinery (13.8%) [1] - Emerging products like new energy vehicles, lithium-ion batteries, and industrial robots saw rapid production growth, with lithium-ion battery output up by 19.0%, integrated circuit output up by 24.2%, and industrial robot output soaring by 131.1% [1] Fixed Asset Investment - Fixed asset investment in Hangzhou increased by 0.2% year-on-year, with project investment rising by 5.7% [2] - Industrial investment grew by 8.5%, accounting for 16.2% of total fixed asset investment, an increase of 1.3 percentage points from the previous year [2] - Manufacturing investment rose by 7.0%, with significant growth in general equipment manufacturing (36.6%), electrical machinery (26.9%), and automotive manufacturing (14.9%) [2] Service Sector Growth - The service sector remains a crucial pillar of Hangzhou's economy, with revenue from large-scale service industries (excluding wholesale, retail, accommodation, catering, finance, and real estate) reaching 695.1 billion yuan, a 7.5% increase year-on-year [2] - The digital economy and high-tech service industries outperformed overall service revenue growth, with increases of 11.7% and 10.2%, respectively [2] Consumer Market Dynamics - The consumer market has shown increased vitality due to various consumption promotion policies, with total retail sales of consumer goods reaching 374.5 billion yuan, a 7.4% year-on-year increase [3] - Major consumer goods such as home appliances and communication devices saw retail sales growth of 108.9% and 104.9%, respectively, while automotive sales increased by 8.0%, with new energy vehicles growing by 38.6% [3] Trade and Export Performance - Hangzhou's total import and export volume increased, with a focus on expanding overseas markets and strengthening trade cooperation with countries along the "Belt and Road" initiative [3] - Exports to "Belt and Road" countries reached 123.8 billion yuan, growing by 23.7%, which is 8.8 percentage points higher than the overall export growth rate [3]