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In the first five months of 2024, Jiaxing's economy has shown robust growth. The city's added value of above-designated-size industrial enterprises reached 115.14 billion yuan ($15.85 billion), an 8.5-percent year-on-year increase, surpassing provincial and national averages.

More than 80 percent of the city's industries experienced growth, with notable increases in electrical machinery, chemical fiber, computer communication, textile, chemical, and general equipment manufacturing.

The city's fixed asset investment totaled 137.95 billion yuan during this period, a 0.9-percent increase. Project investment grew by 10.8 percent, while real estate development investment fell by 20.9 percent.

Investments in ecological environment, transportation, energy, and water conservancy surged by 68.9 percent. Specifically, transportation investment grew by 96.4 percent.

Retail sales of consumer goods reached 106.93 billion yuan, up 8.3 percent year-on-year.

The total import and export value was 189.65 billion yuan, an uptick of 9.0 percent. Exports experienced an increase of 5.7 percent.

Fiscal revenue amounted to 54.82 billion yuan, with general public budget revenue at 34.32 billion yuan. General public budget expenditure rose by 12.9 percent, with significant increases in community and education spending.