From January to May, Hangzhou obtained the sustained recovery in consumption, with the rebound of the service sector, the steady improvement of the industry, and the continuous recovery of economic performance.

Since April, Hangzhou has further relaxed the pendulum conditions, and the nighttime economy has become the new consumption growth point. The data of Hangzhou Bureau of Statistics show that, from January to May, the total retail sales of consumer goods in the city reached 297.7 billion yuan, with a growth of 9.5%; the added value of industries above designated size in the city was up to 169.3 billion yuan; the city’s fixed-asset investment was increased by 8.3%, and the growth trend was strong in key manufacturing areas.