Yangtze Delta Services Data for H1 2026: Shanghai Up 5.9%, Jiangsu and Zhejiang 5.5%, Anhui 5.2%

In the first half of 2026, services-sector data for the three provinces and one municipality in the Yangtze River Delta were released successively. Shanghai's services added value reached approximately RMB 2,215.4 billion, up 5.9% year on year, with growth 1.2 percentage points higher than that of industry. In 2025, Shanghai's services added value stood at RMB 4.5 trillion, accounting for 79.3% of the city's GDP and contributing over 80% to economic growth. Jiangsu's services added value was approximately RMB 3,893.6 billion, up 5.5% year on year, contributing 57.9% to economic growth and pulling GDP growth by 3 percentage points. Jiangsu's services share of GDP rose from 53.0% in 2024 to 54% in 2025, and further to 55.3% in the first half of 2026. Zhejiang's services added value reached RMB 2,867.8 billion, up 5.5% year on year, accounting for 59.8% of GDP, up from 58.6% in 2024 and 59.5% in 2025, approaching 60% in the first half of 2026.

Anhui's services added value reached RMB 1,545 billion, up 5.2% year on year, contributing 52.3% to economic growth. Its services share of GDP rose from 54.2% in 2024 to 55.5% in 2025, and to 56.4% in the first half of 2026.

The information transmission, software and information technology services sector performed prominently in the delta. In the first half of 2026, Shanghai's financial industry added value grew 10.2%, and information transmission, software and information technology services added value grew 9.1%, with strong growth in sub-sectors such as artificial intelligence, integrated circuit design, and platform enterprises. By the end of the first half, Shanghai had completed filing for 196 large models, accounting for nearly one-fifth of the national total. Anhui's information transmission, software and information technology services added value grew 18.7%, contributing 19% to services growth, with revenue of related enterprises above designated size growing 23.1%. Integrated circuit design revenue grew 2.8 times, and information processing and storage support services revenue grew 67.7%. Jiangsu's sector added value grew 10.9%, and Zhejiang's grew 10.0%, with revenue of above-scale digital economy core industry services growing 12.9% year on year.

Leasing and business services also grew rapidly. In the first half of 2026, Shanghai's leasing and business services added value grew 5.8% year on year. Jiangsu's leasing and business services added value grew 14.0%, with supply chain management services and internet advertising services growing 18.5% and 30.8% respectively. Zhejiang's sector maintained double-digit growth, and together with information transmission software and information technology services, pulled above-scale services enterprise revenue growth by 8.4 percentage points. Anhui's leasing and business services added value grew 10.3%, contributing 17.4% to services growth, with above-scale enterprise revenue growing 13.9%, and comprehensive management services, advertising, and human resources services revenue growing 34.6%, 26.2%, and 12.9% respectively.

Various provinces and municipalities have announced arrangements for services expansion and quality improvement. At the end of May 2026, Shanghai held a services conference, proposing to combine the services expansion and quality improvement action with the "Modeling Shanghai" and "AI Plus" initiatives. In June, Jiangsu issued the "Jiangsu Province Services Expansion and Quality Improvement Action Plan (2026-2030)", targeting services added value close to RMB 10 trillion by 2030. Zhejiang officially implemented the "Implementation Opinions on Promoting Services Expansion and Quality Improvement" on July 15, focusing on the "6+4" key industries and 56 sub-sectors, aiming for services added value to exceed RMB 7 trillion by 2030. Anhui issued the "Several Policies for Promoting Services Expansion and Quality Improvement (2026)", using awards and subsidies to support digital and intelligent development of services.

Services in different regions show differentiated characteristics. Shanghai's financial industry added value grew 10.2% year on year in the first half, with major financial market turnover of RMB 2,269.16 trillion, up 24.1% year on year. Shanghai Futures Exchange turnover grew 53.9%, Shanghai Gold Exchange 38.2%, and Shanghai Stock Exchange 35.2%. Jiangsu's above-scale producer services grew 8.9% in the first five months, contributing 76.6% to growth. Zhejiang's above-scale culture, sports and entertainment revenue grew 21.1% in the first five months. Anhui's high-tech services investment grew 4%, information services investment grew 22.9%, and exports of the "new three items" grew 1.1 times.