According to data from Hangzhou Bureau of Statistics, Hangzhou’s GDP in the first quarter is 511.2 billion yuan, with a year-on-year increase of 5.1 percent.

The output value of agriculture, forestry, animal husbandry and fishery maintains steady growth.

In the industrial sector, there is a surge in the new energy industry including solar cells and new energy vehicles.

The growth of service industry accounts for the largest proportion, with the information technology field grows rapidly.

The consumption upgrade is obvious as growth rate of high-quality commodities soars.

The import and export of goods increases steadily. The export to countries involved in Belt and Road Initiative is 53.4 billion yuan, up 3.6 percent, accountiing for 43.6 percent of the total export.

The income of residents grows steadily. The income growth rate of rural residents is higher than that of urban residents.