A view of Quzhou in East China's Zhejiang province. [Photo/qz123.com]

Investment in fixed assets in the Quzhou Economic and Technological Development Zone increased by 40.3 percent year-on-year in the first two months, the highest growth rate in Quzhou, East China's Zhejiang province.

From January to February, 20 new projects started construction in the zone, with an estimated investment of 12.5 billion yuan ($1.81 billion).

In the same period, agreements for six projects were signed with the zone. The agreed investment totaled 40.24 billion yuan, and planned investment in fixed assets is expected to reach 35.67 billion yuan.

In addition, construction is in full swing on a large number of infrastructure projects in the zone, including Quzhou Jidian New Energy Technology Co Ltd's 24 gigawatt hour power cell project and a manufacturing center with an annual production capacity of 6 million 6-inch silicon polishing chips for integrated circuits.