Wenzhou in Zhejiang province recorded a GDP of 255.19 billion yuan ($37.37 billion) in the first quarter, up 6.5 percent year-on-year and outpacing national and provincial growth by 1.5 and 0.5 percentage points, according to Wenzhou statistics bureau on April 23.
Agricultural production showed robust growth, with the output value of agriculture, forestry, animal husbandry, and fishery hitting 6.06 billion yuan, up 4.1 percent. Economic crops like Chinese medicinal materials, fruits, and vegetables also increased by 6.9 percent, 6.5 percent, and 4.1 percent, respectively.
The industrial sector maintained strong momentum, with the added value of enterprises above the designated size (with annual revenue exceeding 20 million yuan) rising 11.9 percent. The digital economy and high-tech industries expanded significantly, posting growth rates of 26.2 percent and 22.4 percent, respectively.
Service sector growth was notable, with an added value of 160.03 billion yuan, up 5.9 percent. Retail sales of consumer goods totaled 130.42 billion yuan, a 4.2 percent increase.
Foreign trade also improved, with total volumes reaching 71.95 billion yuan, up 5.5 percent. Exports to ASEAN, Africa, and countries involved in the Belt and Road Initiative rose significantly, while electromechanical product exports grew by 18.7 percent, comprising 60.8 percent of total exports.
Residents' per capita disposable income increased by 4.7 percent to 22,496 yuan. Urban and rural incomes grew by 4.0 percent and 6.0 percent, respectively, narrowing the income gap from 1.76 to 1.73.
