Quzhou in Zhejiang province released its economic data for the period from January to May on June 19.

During the five months, the city's industrial production saw rapid growth, with the added value of large-scale industries reaching 25.43 billion yuan ($3.50 billion), marking an 11.9 percent year-on-year increase.

Key industrial sectors experienced significant growth, notably the electrical machinery and equipment manufacturing industry, which saw an 80.2 percent increase in added value. High-tech industries, high-end equipment manufacturing, core industries of the digital economy, and strategic emerging industries grew by 74.1 percent, 55.4 percent, 44.7 percent, and 17.5 percent, respectively.

From January to April, the service sector showed steady improvement, with the operating revenue of large-scale services amounting to 9.77 billion yuan, a 14.8 percent increase year-on-year.

Investment growth accelerated from January to May, with the city's fixed asset investment increasing by 14.3 percent year-on-year. Manufacturing investment saw a notable rise of 29.1 percent.

The consumer market remained vibrant during this period, with the total retail sales of consumer goods reaching 37.66 billion yuan, up 9.3 percent year-on-year.

Fiscal revenue also grew steadily, with general public budget revenue totaling 10.39 billion yuan, a 9.9 percent increase year-on-year.

Consumer prices remained stable overall during the period, with the city's Consumer Price Index holding steady compared to the same period last year.