On January 20th, the Zhejiang Provincial Bureau of Statistics released the economic performance of Zhejiang Province for 2024.

In 2024, fixed asset investment increased by 0.4% year on year. Among them, project investment grew by 7.1%. Investment in addressing shortcomings in people’s livelihoods continued to increase, with infrastructure investment rising by 13.7%, accounting for 25.3% of total investment, and the proportion increased by 3.0 percentage points compared with the previous year; investment in the social sector grew by 4.6%. Investment in key areas increased steadily, with investment in ecological and environmental protection, transportation, energy, and water conservancy rising by 21.1%, and investment in manufacturing growing by 3.3%. Driven by large-scale equipment renewal policies, investment in equipment, tools, and appliances increased by 8.8%.