Seventy-one investment projects are currently under construction in the Nanxun Economic Development Zone in Huzhou.

Among them is the ultra-thin glass substrate deep processing plant funded by Shenzhen Hetaifeng Technology Co Ltd. It is the first project worth more than 10 billion yuan in the Nanxun Economic Development Zone.

With an aggregate investment value of 29 billion yuan ($4.46 billion), the plant plans to recruit 1,200 employees, including 500 high-level professionals, this year.

Two other projects under construction in the zone - the headquarters of Amer Group in East China and the plant invested by Zhuhai Wosun Photoelectric Technology Co Ltd - also saw their investment surpass 10 billion yuan. 

The Wosun plant will have an annual capacity of 400,000-square-meters of high-conduction transparent silicon-based circuit boards and one billion optical communication chips, and an annual output of 4.5 billion yuan after completion.

The Nanxun Economic Development Zone is a national manufacturing hub for goods including elevators, motors, electromagnetic wires and wooden flooring.

In the first half of this year, the industrial output value of the zone amounted to 16.5 billion yuan, up 35.7 percent year-on-year. Its fiscal revenue reached 1.332 billion yuan, the same as the total value in 2018.

Over the six-month period, the zone received investments worth 4.46 billion yuan, of which 2.65 billion yuan came from industrial investments, up 74.9 percent and 223.6 percent respectively.