With 2021 marking the 100th anniversary of the founding of the Communist Party of China or CPC – it is also the year for Quzhou city in East China's Zhejiang province to implement its 14th Five-Year Plan (2021-25) plan and ramp up efforts to be a pioneering city that is the thoroughfare between four provinces: Zhejiang, Fujian, Jiangxi and Anhui.

The first phase of the Xin'an North East China (Quzhou) Digital Economy Demonstration Zone project covers an area of 11.33 hectares. Construction started on Feb 18 and to date 200 million yuan ($30.5 million) has been spent of a total 1.8 billion yuan development budget.

Estimates are that after completion, it is expected to generate annual revenue of about 100 billion yuan, with the project employing more than 30,000 people.

"The construction of digital economy demonstration zone will allow a large number of goods to be processed locally in Qujiang district, giving rise to industrial clusters and forming a hub economic circle – so that the flow of people, logistics, capital flows and information can converge and integrate in Quzhou, enabling the development of the city," said Tang Yuhong, an executive of the project.