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Shaoxing in Zhejiang province captured the spotlight with its 2025 Investment Promotion Conference on Feb 24, where 55 transformative projects were signed, amassing 117.81 billion yuan ($16.29 billion) in planned investments, including $580 million in foreign capital.

These projects are strategic moves across sectors like integrated circuits, high-end equipment, new energy, new materials, and cultural tourism. Ten projects, each over 5 billion yuan, stand out as pillars of this industrial renaissance.

A prime example is the Semiconductor Manufacturing International Corporation's new energy manufacturing base, a venture set to redefine China's capabilities in new energy battery materials and invigorate the local supply chain.

In 2024, Shaoxing welcomed 103 industrial projects worth over 1 billion yuan each, a notable 21.2 percent increase from the previous year. This upward trajectory underscores a strategic shift towards securing substantial, high-caliber, and chain-integrated projects. Of these, 75 projects have already taken root.

Shaoxing is reshaping its investment landscape by prioritizing capital-driven strategies. The city zeroes in on specialized, market-oriented investment, using city-county synergy and aligning with investment banks and industrial capital to turn potential into reality.

This year, Shaoxing has introduced a novel approach by incorporating employment impact as a key indicator in its investment lifecycle management. By refining the management of projects from inception to operation, the city aims to measure success not just in economic terms, but in its ability to weave industry, urban life, and culture.