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Huzhou's investments in fixed assets up 14.5% in Q1

chinadaily.com.cn | Updated: Apr 24, 2022

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A view of Huzhou, East China's Zhejiang province. [Photo/WeChat account: huzhoufabu]

Huzhou's investments in fixed assets recorded a year-on-year uptick of 14.5 percent - the third highest growth rate in Zhejiang province - in the first quarter of this year.

Thirty-one projects in the city have been included in the nation's major investment projects during the 14th Five-Year Plan (2021-25) period this year to date. Among them, eight received financial support from the central government.

The city has also been awarded an extra land use quota by the provincial government, accounting for 45.5 percent of Zhejiang's total during the period.

The local government has vowed to break ground for more than 60 percent of the key projects within the year.

Huzhou aims to have its investments in fixed assets grow at a pace of over 8 percent to 180 billion yuan ($27.7 billion) this year.