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An aerial view of Anchang Ancient Town in Shaoxing. [Photo/IC]

Shaoxing's economy maintained steady growth in the first five months of 2026.

Industrial production remained a key engine of growth. From January to May, the value-added output of above-designated-size industrial enterprises rose 10.7 percent year-on-year, ranking second in Zhejiang province in terms of their growth rate.

Twenty-two of the city's 30 major industrial sectors recorded growth, reflecting the resilience of local manufacturers as they accelerated technological innovation, improved efficiency, and expanded market opportunities.

Emerging industries continued to outperform. The value-added output of equipment manufacturing, high-tech industries, and the core digital economy all increased by 16.5 percent. Production of industrial robots surged 73.4 percent, while integrated circuits rose 14.9 percent.

Consumer demand also strengthened. Retail sales reached 135.6 billion yuan ($19.99 billion), up 2.7 percent, with online retail sales by above-designated-size commercial enterprises soaring 38.7 percent, fueled by growing demand for digital and green consumption.

The city's industrial investment climbed 21.2 percent, while high-tech investment rose 20.6 percent, reflecting continued confidence in advanced manufacturing and innovation.

Shaoxing's foreign trade demonstrated its resilience, with total imports and exports increasing 7.8 percent. Exports totaled 153.3 billion yuan, up 7.7 percent, while imports reached 12.8 billion yuan, up 8.7 percent.