By Zhao Yu

Ningbo's economy maintained steady growth in the first 11 months of the year, with high-quality development continuing to advance. The value added of industrial enterprises above the designated size rose 5.4% year on year.

Of the city's 36 major industrial sectors, 22 recorded growth, accounting for more than 60% of the total. Petroleum processing, instrument manufacturing, and computer and communication equipment led the gains, with value added increasing by 22.6%, 17.5%, and 13.8%, respectively. Together, the three sectors contributed 2.8 percentage points to overall industrial growth.

Emerging industries also outperformed. Value added in high-tech industries grew 11.8%, while the digital economy, high-tech manufacturing, and equipment manufacturing posted increases of 7.1%, 6.1%, and 5.7%, all exceeding the overall industrial growth rate.

From January to November, retail sales of goods above the designated threshold rose 4.4% year on year, up 0.1 percentage points from the January–October period. Sales of metal materials climbed 12.0%.

As of the end of November, deposits at financial institutions in Ningbo totaled 4.01 trillion yuan, while outstanding loans reached 4.60 trillion yuan, up 8.3% and 9.0% year on year, respectively.