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Shaoxing's economy shows strong momentum

ezhejiang.gov.cn| Updated: September 30, 2025 L M S

Shaoxing's economy continued to gain strength this year, according to data released by the municipal bureau of statistics.

The city's total retail sales of consumer goods reached 209.4 billion yuan ($29.37 billion) from January to August, up 5.1 percent year-on-year. Retail sales by large enterprises above the designated size rose 5.8 percent.

Shaoxing's total imports and exports reached 253.8 billion yuan during the period, down 12.6 percent year-on-year. Exports stood at 237.3 billion yuan, a decline of 10.8 percent, while imports dropped 32.5 percent to 16.5 billion yuan.

Exports of high-tech products remained robust, increasing 28.1 percent, while Shaoxing further diversified its presence in emerging markets, with exports to South America, Asia, and Africa showing notable growth.

The city's private sector also demonstrated strong resilience. From January to August, private enterprises exported goods worth 220.2 billion yuan, accounting for 92.8 percent of Shaoxing's total exports.