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Xiaoshan launches 35 projects worth $3.5b
Hangzhou News   2021-01-13 14:03   Source:ehangzhou.gov.cn

Thirty-five projects receiving 22.48 billion yuan ($3.47 billion) in investment start operating in Xiaoshan district, Hangzhou on Jan 11. [Photo/zjol.com.cn]

Xiaoshan district, Hangzhou saw 35 projects receiving 22.48 billion yuan ($3.47 billion) in investment start construction on Jan 11, local media outlets reported.

Sixteen of the projects, which boasted a total of 16.89 billion yuan in government investment, were for infrastructure and people's well-being, including road reconstruction, basic-need housing, and a Xiaoshan cultural center.

The other 19 projects were all high in scientific and technological content and market yield. They received a total of 5.59 billion yuan in investment and covered fields such as intelligent manufacturing, new materials, and new energy.

According to a local official, the projects will help Xiaoshan district accelerate the cultivation of emerging industries, gather new development momentum, promote high-end innovation, and stimulate the progress of the economy and society.

The Xiaoshan cultural center is meant to enrich the cultural lives of local residents. [Photo/zjol.com.cn]

Author:  Editor:张翟
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