Today, the Hengyang Statistics Bureau announced that the city’s economy maintained a stable and positive momentum in the first quarter of 2025, with major economic indicators showing robust growth. Hengyang’s GDP growth rate surpassed both national and provincial averages, reflecting the city’s commitment to leading regional economic development.

In Q1, Hengyang’s GDP totaled 104.922 billion yuan, up 5.7% year-on-year based on comparable prices, 0.3 percentage points higher than the national and provincial averages.

The city’s large-scale industrial added value grew by 7.3%, 0.8 percentage points higher than the national average. The added value of industries below designated size increased by 4.8%, ranking among the top in A-class cities and prefectures.

Fixed-asset investment rose by 8.8%, ranking second among A-class cities and exceeding the national and provincial averages by 4.6 and 4 percentage points, respectively.

Social retail sales totaled 46.606 billion yuan, up 6.9%, 2.3 percentage points higher than the national average.

Additionally, the city registered 67 new “Four Above” units (enterprises above designated size in industry, construction, wholesale, and accommodation sectors) and achieved a net increase of 59 such units, both ranking at the forefront of A-class cities and prefectures.

Translator: Jing