A total of 30 investment projects worth 76.1 billion yuan ($11 billion) are agreed upon at a conference held in Huzhou's Southern Taihu Lake New District on Nov 28. [Photo/WeChat account:huzhoufabu]

A total of 30 investment projects worth 76.1 billion yuan ($11 billion) were agreed upon at a conference held in Huzhou's Southern Taihu Lake New District on Nov 28, according to local media reports.

The projects primarily cover sectors such as manufacturing, the headquarters economy, new energy batteries, auto parts, high-end equipment, and new materials.

Founded in June 2019, the Southern Taihu Lake New District is one of four new districts in the Zhejiang bay area, along with the Hangzhou Qiantang New District, Ningbo Qianwan New District, and Shaoxing Binhai New District.

The district has emerged as a magnet for investment, with official data showing that it received 27.14 billion yuan from investors in 2019. So far this year, it has brought in 130 billion yuan in investment.