Jinhua in East China's Zhejiang province welcomed new investments totaling 6.56 billion yuan ($952.47 million) in its manufacturing sector in the first two months of this year, a year-on-year increase of 36.3 percent, official statistics show.
One of the investments is a 21.3-billion-yuan facility funded by Zhejiang Yixin New Energy Co Ltd, which invested 665 million yuan during the same period.
The facility, which will manufacture batteries for new energy vehicles, is expected to generate an annual output of 35 billion yuan.
Another significant investment is a 250-million-yuan project funded by Zhejiang Yayi Metal Technology Co Ltd. Based in Wuyi county in Jinhua, the factory will produce braziers and gas cookers.
The construction of major projects accounts for 76 percent of all investments in the city, said local authorities.
Investments in the manufacturing industry would also play a significant part in promoting the city's economic transformation and high-quality development.
