Quzhou's economy showed steady growth in the first two months of this year, with the added value of large-scale industries reaching 8.90 billion yuan ($1.24 billion), marking a 17.7 percent year-on-year increase, as released by the Quzhou statistics bureau.

Key industries, including electrical machinery and equipment manufacturing, alcohol and beverage production, computer and electronic device manufacturing, and paper products, experienced notable growth, up 126.1 percent, 31.5 percent, 19.3 percent, and 16.0 percent, respectively.

The city’s fixed asset investment surged by 9.3 percent year-on-year, with significant growth in manufacturing investment, high-tech industries, and ecological protection, transportation, energy, and water conservancy.

Total retail sales of consumer goods in the city rose to 13.02 billion yuan, showing a 14.4 percent year-on-year increase. Online consumption demand soared, particularly in daily necessities, communication equipment, household appliances, and new energy vehicles.

The city's general public budget revenue reached 4.63 billion yuan, up by 4.0 percent, while general public budget expenditure grew by 17.0 percent.

The urban resident consumer price index (CPI) saw a 0.3 percent year-on-year decrease, with varying price changes across different categories of goods and services.

In the industrial sector, the producer and purchaser price indices both experienced year-on-year decreases.