Wenzhou's economic performance report for the first five months of the year reveals a stable and positive trend.
From January to May, the city's industrial sector expanded rapidly, with the industrial added value of enterprises above designated size reaching 65.04 billion yuan ($8.94 billion), an 11.2-percent year-on-year increase.
The city's five traditional industries — footwear, apparel, pumps and valves, automotive parts, and electrical appliances — achieved a combined added value of 30.46 billion yuan, a 14.7-percent increase. Concurrently, five emerging industries — digital economy, new energy, new materials, intelligent equipment, and life health — recorded a combined added value of 32.55 billion yuan, up 13.3 percent.
From January to April, the operating income of service enterprises above designated size (excluding wholesale and retail, accommodation and catering, finance, and real estate development) increased by 9.7 percent year-on-year.
Transportation and logistics also rebounded swiftly. From January to May, Wenzhou's total highway transport turnover grew by 10.9 percent year-on-year. The airport handled 5.15 million passengers, up 13.3 percent, and cargo and mail throughput reached 46,700 metric tons, a 22.6-percent increase, continuing a rapid growth trend.
The total retail sales of consumer goods in Wenzhou reached 173.87 billion yuan, up 5 percent year-on-year. The May Day holiday boosted the local consumer market, with total spending amounting to 8.21 billion yuan, an uptick of 10 percent.
