|

An aerial shot of Jiaxing. [Photo/Tide News]

Jiaxing's GDP for the first quarter of this year reached 182.73 billion yuan ($25 billion), showing 5.5 percent year-on-year growth, surpassing the national average of 5.4 percent.

Across industries, the value added in the primary sector was 20.6 billion yuan, up by 2.3 percent, the secondary sector saw a value added of 879.09 billion yuan, a 4.5 percent increase, and the tertiary sector recorded a value added of 923.04 billion yuan, a 6.5 percent increase.

Agricultural production remained stable and saw the development of characteristic industries. The city's agricultural sector achieved output of 5.1 billion yuan in the first quarter, a comparable increase of 3.2 percent.

Industrial production experienced steady growth, with emerging industries showing promising developments. In the first quarter, the added value of large-scale industries in the city increased by 5.5 percent, with private enterprises witnessing a 6.5 percent growth rate, contributing significantly to industrial growth.

The tertiary industry accelerated its growth, particularly in modern service sectors. The added value of the city's service industry increased by 6.5 percent year-on-year in the first quarter, with notable growth in information transmission, software and information technology services, transportation, warehousing, postal services, and wholesale and retail sectors.

Overall, Jiaxing's economic landscape in 2025 demonstrates a balanced and progressive approach towards sustainable development and economic prosperity.