The Hangzhou skyline at night. [Photo/CFP]

Hangzhou's economy has shown resilience and steady recovery from January to November, according to data released by the Hangzhou statistics bureau.

Hangzhou's above-designated-size industrial output reached 398.5 billion yuan ($54.6 billion), up 3.7 percent year-on-year. Emerging sectors like high-tech industries and equipment manufacturing outpaced overall growth, with increases of 4.2 percent and 5.2 percent, respectively. Notable product gains included a 50.5-percent rise in integrated circuits and 14.4-percent growth in solar cell production.

Services, which account for over 70 percent of Hangzhou's GDP, accounted for 73 percent of the city's economic growth in the first three quarters. Key industries like information technology and business services saw revenue rise by 7.7 percent and 12.9 percent, respectively, reflecting Hangzhou's strong digital economy led by companies such as Alibaba and NetEase.

Retail sales totaled 713.1 billion yuan, up 2.6 percent year-on-year, with durable goods and high-tech items driving growth. New energy vehicle sales surged 29.6 percent, while electronics and appliances grew 16.5 percent and 30.4 percent, respectively.

Goods exports reached 539.9 billion yuan, a 10.6-percent increase. Key drivers included a 12.1-percent rise in cross-border e-commerce exports, which accounted for 22.4 percent of total exports. Exports of machinery and electronic products grew 11.3 percent, accounting for nearly half of all exports.

Editor: Xu Zhitian