Agreements to launch 79 projects with a combined investment of 92.46 billion yuan ($12.98 billion) in Quzhou, Zhejiang province were signed on Jan 2, as reported by local media.

The projects span diverse fields such as integrated circuits, intelligent equipment, biopharmaceuticals, new energy, new materials, digital economy, and technological innovation.

According to authorities, the implementation of these projects will further strengthen the city's six major leading industrial chains–new materials, new energy, integrated circuits, high-end equipment, life and health, and specialty paper, as well as infuse new momentum into Quzhou's high-quality development.