Ningbo in East China's Zhejiang province maintained its stable economic growth in the first 10 months of this year, according to local statistics authorities.

The added value of industrial enterprises above designated size in Ningbo expanded 4.2 percent year-on-year to 439.79 billion yuan ($62.83 billion) during the 10-month period, according to official data from the Ningbo Municipal Bureau of Statistics.

Over the same period, their aggregate sales volume hit 1.95 trillion yuan, a year-on-year uptick of 8.4 percent, while the export value amounted to 342.65 billion yuan, edging up 0.6 percent year-on-year.

Nineteen out of 35 major industries in the city reported positive growth in added value. Stable growth was seen in the advanced manufacturing sector.

From January to October, Ningbo's trade in goods maintained double-digit growth. The sales of above-quota retailers in the city registered a year-on-year increase of 12 percent.

As of the end of October, the balance of domestic and foreign currency loans and deposits in Ningbo hit 3.27 trillion yuan and 3.04 trillion yuan respectively, both up 13.6 percent year-on-year.

In the first 10 months of this year, the city's investment in fixed assets achieved a year-on-year growth of 10.3 percent. Among them, investment in private projects increased by 11.6 percent.

Ningbo also posted a strong recovery in consumption during the period. The city's retail sales of social consumption goods were valued at 398 billion yuan, rising 6 percent year-on-year.

Meanwhile, foreign trade volume rose by 7.7 percent over the past 10 months to 1.05 trillion yuan.

The world's largest port by cargo throughput volume, Ningbo Zhoushan Port's cargo throughput volume expanded 3.3 percent to 1.06 billion metric tons from January to October. It also handled 28.89 million TEUs, up 8.1 percent year-on-year.