A total of six investment projects valued at 7.56 billion yuan in Taizhou Bay Circular Economy industrial Zone are reached on July 30. [Photo/taizhou.com.cn]

A total of six investment projects valued at 7.56 billion yuan ($1.13 billion) in Taizhou Bay Circular Economy industrial Zone were agreed upon on Tuesday, injecting a new impetus to the area's development.

The projects primarily cover sectors including aviation, petrochemicals, electronics and business incubation.

Rui Hong, Party chief of the Taizhou Bay Circular Economy Industrial Zone, said, at the signing ceremony, that the local authorities will ensure these projects' construction and operation to be done smoothly, pledging that more efforts shall be made to improve government services by administrative system reforms so as to create a sterling business environment for local companies.

Listed among 15 provincial industrial clusters in Zhejiang, Taizhou Bay Circular Economy Industrial Zone, with a planning area of 86.73 square kilometers, spans the areas including Linhai city, Jiaojiang district, Luqiao district, Wenling city as well as Taizhou Economic Development Zone.

The zone features the recycling economy and houses more than 150 companies thus far, spanning sectors such as renewable resources, petrochemicals, pharmaceuticals, equipment manufacturing, modern service and ecological agriculture.