Jiaxing's GDP reached about 195.67 billion yuan ($28.62 billion) in the first quarter, up 7.2 percent year-on-year, exceeding the national and provincial averages by 2.2 and 1.2 percentage points, respectively.
The city's added value of industrial enterprises above designated size — enterprises with annual revenue of at least 20 million yuan — rose 10.1 percent, with nearly 80 percent of sectors expanding. Key industries such as specialized equipment, computer and communications, and electrical machinery all posted growth above 13 percent.
The service sector also saw strong growth, with value-added output increasing 6.9 percent year-on-year. The information transmission, software, and information technology services industry surged 21.3 percent, while wholesale and retail grew 8.4 percent, serving as new growth drivers.
Consumer demand showed steady recovery, with retail sales rising 7.0 percent year-on-year, the highest in the province. Trade-in policies boosted sales of communication devices and home appliances, supporting market activity.
High-tech manufacturing, advanced equipment manufacturing, and digital economy-related industries all recorded double-digit growth. Manufacturing investment increased 13.0 percent, while private investment rebounded, indicating improved market confidence.
Income data highlighted progress in urban-rural integration, with the income ratio narrowing to 1.35:1 and rural income growth outpacing that of urban areas.
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