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Shaoxing's urban clusters and surrounding environment. [Photo/Tide News]

Shaoxing's economy maintained steady growth in the first 10 months of 2025, with high-quality development making solid progress.

The industrial and service sectors provided stable support, with the added value of industrial enterprises above the designated size rising 9.9 percent year-on-year, as 25 industries reported growth, 71.4 percent of all sectors.

The service sector showed resilience, with revenue from service enterprises above the designated size, excluding wholesale and retail, accommodation and catering, finance, and real estate development, reaching 48.8 billion yuan ($6.87 billion), up 11.4 percent from the same period last year.

Total retail sales of consumer goods hit 266.4 billion yuan, a 5.7 percent increase. Policies encouraging the replacement of old products boosted sales, with communication equipment and smartphones up 108.5 percent and 50.3 percent, respectively. 

Investment in fixed assets increased 2.8 percent year-on-year, while investment in emerging sectors remained active with high-tech industries up 17.7 percent and core digital economy sectors up 36.7 percent, both outpacing overall growth.

Shaoxing plans to strengthen industrial momentum, support the recovery of consumption and services, and advance major projects to continue achieving high-quality growth by the end of this year.

A view of Shaoxing's urban and lakeside areas from above. [Photo/Tide News]