Zhejiang’s GDP in the first three quarters reached 7,322.4 billion yuan, a year-on-year increase of 5.6%

China News Service, Hangzhou, October 26 (Bao Mengni) On October 26, the Zhejiang Provincial Bureau of Statistics and the Zhejiang Survey Team of the National Bureau of Statistics released the economic performance of Zhejiang in the first three quarters. In the first three quarters, Zhejiang's GDP was 7.3224 trillion yuan, a year-on-year increase of 5.6% at constant prices.

In terms of industries, the added value of the province's primary industry was 174.5 billion yuan, an increase of 4.2%; the added value of the secondary industry was 2,790.5 billion yuan, an increase of 5.8%; and the added value of the tertiary industry was 4,357.4 billion yuan, an increase of 5.5%.

In Hangzhou, Zhejiang, staff train the grasping skills of robots through remote control. Photo by Wang Gang

Industry is the ballast stone of economic development. In the first three quarters, the added value of industries above designated size in Zhejiang increased by 7.8% year-on-year. Among them, emerging industries have strong support. The added value of the province's high-tech manufacturing, digital economy core industry manufacturing and equipment manufacturing industries increased by 16.0%, 15.8% and 12.9% respectively; the output of artificial intelligence terminals and intelligent equipment products continued to grow rapidly, and the output of service robots, industrial control computers and systems, industrial robots and other products increased by 91.0%, 50.6% and 37.5% respectively.

Zhejiang is a province with a large service industry. In the first three quarters, the added value of the province's service industry increased by 5.5% year-on-year. While the overall service industry is growing steadily, the information services industry is growing at a better pace. From January to August, the operating income of service industry enterprises above designated size in Zhejiang (excluding wholesale and retail accommodation, finance and real estate development industries) increased by 8.7%. Among them, the operating income of enterprises in the digital economy core industry service industry, high-tech service industry, and scientific and technological service industry increased by 12.0%, 10.6% and 10.5% respectively.

In terms of consumption, in the first three quarters, the retail sales of communication equipment, high-energy-efficiency home appliances, cosmetics, and cultural and office supplies for units above designated size in Zhejiang increased by 33.4%, 22.6%, 20.1%, and 15.9% respectively. The demand for artificial intelligence products is strong, and the retail sales of wearable smart devices, smartphones and other commodities above designated size increased by 1.7 times and 46.8% respectively.