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Shaoxing's economy continued to show resilience and vitality in the first five months of 2025, according to data released by the municipal statistics bureau on June 21.

From January to May, total retail sales of consumer goods in Shaoxing reached 132 billion yuan ($18.2 billion), a year-on-year increase of 5.1 percent. Retail sales of sports and entertainment goods grew by 85.5 percent, smartphones 55.9 percent, and cosmetics 23.3 percent.

Fixed-asset investment rose by 6.2 percent during the same period — 4.3 percentage points above the provincial average. Investment in manufacturing stood out with a 21.2 percent increase, ranking third among all cities in Zhejiang.

Shaoxing's foreign trade also expanded, particularly in emerging markets. Exports to several countries in Africa, South Asia, and South America recorded strong growth. Notably, exports to Argentina surged 162.0 percent, while shipments to Egypt rose by 26.6 percent.