The total industrial output value of Quzhou Smart Manufacturing New Town – located in Quzhou city, in East China's Zhejiang province – from January to November, reached 121.2 billion yuan ($19.03 billion), accounting for 54 percent of the city's total according to local media reports on Dec 23.

Breaking down the numbers, industries related to new materials, new energy, integrated circuits, intelligent equipment, life and health, special purpose paper and other six key industry supply  chains contributed total industrial output value of 79.3 billion yuan.

They accounted for 65.4 percent of the total industrial output value of Quzhou Smart Manufacturing New Town, making it the major driving force for the city's industrial development.

The new Zhejiang Shidai Lithium Materials International Industrial Cooperation Park – with a total investment of 47.9 billion yuan – is the largest single investment in the history of Quzhou's manufacturing projects. It is projected to achieve an industrial added value of 20 billion yuan after it is finished.

After the full completion of the project, 300 new jobs will be created and the annual revenue is expected to be 4.5 billion yuan.

To date, Quzhou Smart Manufacturing New Town has introduced 48 new projects, including 42 projects involving investments of more than 100 million yuan and 10 projects of more than 1 billion yuan – bringing total investments for agreed projects to 79.48 billion yuan.