An aerial view of Ningbo in East China's Zhejiang province. [Photo/cnnb.com.cn]

Ningbo's gross domestic product saw a 5.6 percent growth in the first quarter of 2025, reaching 442.05 billion yuan ($57.73 billion). This signals a stable and improving economic outlook for the city.

The city's primary sector grew by 3.6 percent, while the secondary sector saw a 5.9 percent increase, with industrial output growing 6.8 percent. The tertiary sector also expanded by 5.3 percent.

The added value of industrial enterprises above designated size experienced a 7.5 percent increase. Among industries, the added value of manufacturing showed a robust 8.1 percent growth. Notably, the added value of computer communications, specialized equipment, metal products, and general equipment all saw double-digit gains.

The added value in service sector grew 5.3 percent, with added value of transportation, warehousing, and postal services rising 13.3 percent. The added value of wholesale retail trade also experienced solid growth, up 9.2 percent.

The city's foreign trade remains strong, totaling 348.85 billion yuan, with exports surging 17 percent to 237.8 billion yuan. Imports and exports of the private sector accounted for 77.1 percent of the city's total at 269.09 billion yuan, an increase of 13.1 percent.

The city's residents also saw their per capita disposable income rise 4.7 percent to 25,046 yuan. The per capita living consumption expenditure of the residents was 13,129 yuan, a year-on-year increase of 5.7 percent.