Four places - Wuxing district, the county-level city of Changxing, Deqing county and Anji county - administered by Huzhou, were recently shortlisted to become core areas of Zhejiang provincial characteristic industrial clusters.

The number is the highest among all cities in Zhejiang.

Wuxing and Changxing were listed as the emblematic candidates for high-end new materials industry and new energy equipment industry, respectively.

It is estimated that the revenue of Wuxing's high-end new materials industrial cluster will reach 40 billion yuan ($5.55 billion) by 2027.

Dubbed as the "Capital of Battery Industry in China", Changxing is the nation's largest production base for green and environmentally-friendly power batteries. The city is home to 30 above-designated-size companies in the battery industry, including two nationally-renowned companies: Tianneng and Chilwee.

Meanwhile, Deqing and Anji were acknowledged for their modern furniture and smart home appliance sectors.

Deqing is one of the regions with the most complete modern furniture industry chain in Zhejiang, with competitive advantages in areas such as wood furniture and outdoor leisure furniture.

With 66 above-designated-size companies in the furniture industry as of the end of 2022, including four companies with revenue exceeding 1 billion yuan and two listed companies, the revenue of its furniture industry is anticipated to exceed 45 billion yuan by 2027.

Anji is China's largest seat production base and accounts for one-third of the domestic market, with half of the country's total exports in chair production.

By the end of 2022, the cluster had 270 above-designated-size companies, including four listed companies and three companies with an annual sales revenue of over 1 billion yuan. By 2027, the cluster's revenue is expected to reach 40 billion yuan.