From January to February 2024, the value-added of industrial enterprises above designated size in Zhejiang reached 315.7 billion yuan ($43.67 billion), a year-on-year increase of 11.4 percent, with an average growth of 5.5 percent over the past two years.

Among the 38 major industrial categories in the province, 35 saw an increase in value-added compared to the same period last year. Key industries such as automobiles, chemical raw materials and chemical products, textiles, general equipment, and computer communication electronics all achieved double-digit growth, with the automotive industry seeing a growth rate of 28.8 percent.

In the same period, fixed asset investment in the province increased by 7.6 percent year-on-year, with project investment up by 14.0 percent year-on-year. Investments in key areas progressed steadily, with infrastructure investment growing by 14.2 percent year-on-year, manufacturing investment by 17.3 percent, and investment in high-tech industries by 23.8 percent, contributing to a 4.7-percentage-point increase in overall investment.

In the first two month of 2024, the total retail sales of consumer goods in the province reached 520.2 billion yuan, up by 8.2 percent year-on-year, with an average growth of 4.8 percent over the past two years.

Zhejiang's exports and imports were valued at 599.1 billion yuan and 217.8 billion yuan, respectively, up by 19.5 percent and 14.6 percent year-on-year.

In addition, the province's passenger traffic volume reached 84.88 million people, up by 31.3 percent year-on-year, with railway passenger traffic up by 35.2 percent. Freight volume reached 497 million tons, up by 19.3 percent year-on-year, while freight turnover reached 230.5 billion ton-kilometers, up by 11.7 percent year-on-year.