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A view of Jiaxing in East China's Zhejiang province. [Photo/jiaxingren.com]

Jiaxing's investment in fixed assets is expected to increase by 10 percent in 2023, and its total investment is scheduled to exceed 320 billion yuan ($46.59 billion), according to the goal set at the second plenary session of the ninth CPC Jiaxing Municipal Committee.

From 2023 to 2027, the city's total investment is expected to total 1.5 trillion yuan.

In 2023, about 500 major projects with a total investment of more than 500 million yuan will be carried out in five major areas, including scientific and technological innovation, modern industries, transportation facilities, urban and rural development, and people's livelihoods.

A total of 447 major projects with 850 billion yuan in investment have been carried out in the city so far.

In addition, making good use of fixed asset investment will not only help stabilize economic growth and increase quality of life in the short term, but also help adjust the supply structure in the future and improve the efficiency of economic development.

A number of major projects related to overall development, such as the Nantong-Suzhou-Jiaxing-Ningbo High-speed Railway, Jiaxing Airport, and Shanghai-Pinghu-Haiyan Intercity Railway, are currently under construction. They will improve urban functions and strengthen the city's position as a transportation hub.