An aerial view of Jiaxing in Zhejiang province. [Photo/Tide News]

Jiaxing in Zhejiang province recorded GDP of 614.28 billion yuan ($92.13 billion) in the first three quarters of this year, up 6.8 percent year-on-year, with its growth rate ranking first in Zhejiang for the third consecutive quarter.

Industrial upgrading continued to support economic growth. Value added by high-tech manufacturing, equipment manufacturing, and manufacturing in industrial enterprises above designated size (enterprises with annual revenue of at least 20 million yuan) grew 20.8 percent, 12.3 percent, and 12.2 percent, respectively. Manufacturing investment reached 92.5 billion yuan, up 5.7 percent and accounting for 40.1 percent of total investment.

Consumption and foreign trade also grew: retail sales of consumer goods totaled 228.12 billion yuan, up 5.3 percent, while total imports and exports reached 435.86 billion yuan, up 16.6 percent. Trade with Belt and Road countries rose 20.4 percent.

New consumption scenarios boosted spending, with Jiaxing hosting 59 major performances and sporting events that generated more than 2.1 billion yuan in related consumption.

Residents' incomes and market activity also increased: per capita disposable income reached 66,649 yuan for urban residents and 48,378 yuan for rural residents, up 5.3 percent and 6.7 percent, respectively.