A bird's-eye view of Jinhua in East China's Zhejiang province [Photo/WeChat account: jhfabu]
Investment in fixed assets in Jinhua, East China's Zhejiang province witnessed a year-on-year increase of 12.9 percent in the first quarter of this year, according to the city's bureau of statistics.
One of the main reasons behind the growth is the launch of 21 manufacturing projects with an investment of more than 1 billion yuan ($144.21 million) each, up 133.3 percent year-on-year.
Among them is a new energy battery production facility funded by Zhejiang Yixin Battery Co, which marks a milestone in the city's digital industry.
Authorities have also implemented a series of measures, including streamlining approval procedures and rolling out favorable policies, to encourage more native Jinhua entrepreneurs to invest in their hometown.
Agreements on 36 projects with a combined investment of 108.9 billion yuan were signed at the 3rd Jinhua Development Conference on April 30.
