Hangzhou launches major projects

Zhejiang province held its 2024 major project launch and operation event on Feb 18, the first working day after the Spring Festival holiday, with the provincial capital of Hangzhou playing a role in 21 projects with a total investment of 67.78 billion yuan ($9.4 billion) in various fields including modern industries, infrastructure, and social livelihoods.

One of the projects, the Baishi International Trade Center in Shangcheng district, with a planned investment of 3.2 billion yuan, focuses on the advantages of Hangzhou's digital economy and cultural industries and aims to become a cultural, commercial, and tourism hub.

Another industrial project, the Grand Canal Future City project in Gongshu district, boasts a planned total investment of 1.53 billion yuan. The project is expected to accommodate the East China Headquarters of freight behemoth Huolala, integrating some of its business and industrial platforms, consolidating services such as smart logistics and intelligent devices, and establishing the Huolala National Marketing Center.

Additionally, projects such as the software design and research center for the e-commerce platform of Chuangli Technology and the Phase I extension project of Wenyixi Road are also poised to commence operations.

With these high-quality projects accelerating construction, Hangzhou's industrial development momentum is strong.