Shaoxing GDP Hits RMB 450.4B in H1 2026, Surpassing Kunming, Shenyang, Xiamen; Nanchang Overtakes Three Cities

According to the 15th Five-Year Plan outlines of various cities, more than ten cities have set trillion-yuan GDP targets. Zhuhai's GDP reached RMB 457.31 billion in 2025, and it also aims to become a trillion-yuan city. Cities currently in this tier fall into two categories: provincial capitals such as Kunming, Shenyang, Shijiazhuang, Nanchang, and Changchun, and pivotal cities driven by strong economic provinces, including Xuzhou, Yancheng, Yangzhou, Shaoxing, Xiamen, and Weifang.

In early 2026, Wenzhou and Dalian announced that their 2025 GDP exceeded one trillion yuan, bringing the number of trillion-yuan cities to 29. Xuzhou's full-year GDP in 2025 was RMB 995.72 billion, falling short of the trillion-yuan mark. In the first half of 2026, Shaoxing's GDP reached RMB 450.4 billion, narrowing the gap with Xuzhou to RMB 34.29 billion, with a growth rate of 6.4%. Shaoxing's value-added industrial output above designated size grew 10.9% in the first half, with industrial robot output up 75.2% and integrated circuit output up 17.3%. Shaoxing has set a goal to return to the top 30 cities in comprehensive economic strength during the 15th Five-Year Plan period, while Xuzhou aims to exceed RMB 1.3 trillion in GDP by the end of the plan.

Shaoxing's integrated circuit industry began in 2018, when SMIC signed an agreement to settle in Shaoxing, with an initial investment of RMB 5.88 billion to build an 8-inch production line. Since then, nearly a hundred integrated circuit and related enterprises above designated size have gathered in the Shaoxing Integrated Circuit Industrial Park, whose leading industry output value exceeded RMB 100.3 billion in 2025. Shaoxing's Shangyu District plans to build a hub for embodied intelligence industry by 2028, driving related industry revenue to exceed RMB 20 billion.

Nanchang's GDP in the first half of 2026 reached RMB 399.82 billion, up 4.6% year on year, ranking above Yancheng, Yangzhou, and Changchun. Nanchang's GDP growth rate in 2023 was 1.7%, with value-added industrial revenue above designated size of RMB 664.004 billion that year, recovering to RMB 745.5 billion in 2025. In the first half of 2026, Nanchang's value-added industrial output above designated size grew 6.5%, with optical fiber output up 303.7%, communication and electronic network cable output up 27.9%, optoelectronic device output up 15.1%, and value-added industrial output in the electronic information industry chain up 13.2%. In 2026, optical fiber orders at Nanchang optoelectronic companies such as Zhaochi Guanglian and Changtian Optoelectronics increased, linked to demand for optical fiber in AI server optical modules.

Jiangxi Province issued the "1269 Action Plan for Modernization of Key Manufacturing Industry Chains (2023-2026)" in 2023, promoting the construction of 12 key manufacturing industry chains. In the first half of 2026, Nanchang's new energy, aviation, new materials, and light industry textile sectors all achieved double-digit growth, all within the scope of the 12 key industry chains. Jiangxi's 2025 plan for six future industry clusters—future materials, future energy, future biology, future health, future display, and future aviation—all include Nanchang.

Yunnan has proposed implementing a "strong provincial capital" action, making the building of an industrial highland a development priority. In Hebei Province, Tangshan's GDP exceeded one trillion yuan in 2024, and Shijiazhuang's national economic ranking rose from 40th in 2021 to 34th in 2025. Hebei's 15th Five-Year Plan outline proposes accelerating the construction of the Shijiazhuang metropolitan area. In the first half of 2026, Shenyang and Changchun saw their rankings decline, with Shenyang overtaken by Xiamen and Changchun's GDP growth rate at 1.3%.