Hangzhou, Zhejiang province held a group groundbreaking ceremony for 45 projects, worth 136.7 billion yuan ($20.4 billion), on Oct 23.

The global petrochemical supplier Hengyi Petrochemical Co will invest 6.2 billion yuan in building a smart factory cover 800 mu (53.33 hectares). It is expected to produce over 1.4 million tons of fabric materials when fully operational.

The Hangzhou-Shaoxing-Ningbo Highway will have an investment of over 29.4 billion yuan and will extend 53 kilometers. It will cross Xiaoshan district and Qiantang New Area in Hangzhou, as well as Keqiao district, Binhai New Area, and Shangyu district in Shaoxing, ending on the border of Shaoxing and Ningbo.

A cloud computing data center will be established in Gongshu district. With 15.8 billion yuan in investment, the project will utilize Alibaba's resources in digital economy and help transform the industrial structure in northern Hangzhou.

Local authorities say that these projects will unleash new momentum in improving Hangzhou's business environment and integrating the city into the Yangtze River Delta.