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Authorities in Zhejiang province on March 29 unveiled an action plan to promote industrial economic growth and improve industrial quality.

The plan comprises five major actions, including expanding effective investment, improving the quality of key sectors, and taking the lead in formulating advanced energy efficiency standards.

According to the plan, the province will aim to attract over $35 billion in foreign investment for advanced manufacturing and modern services this year. Authorities are also looking to increase investments in advanced manufacturing by more than 10 percent to 600 billion yuan ($94.58 billion).

Zhejiang will also strive to build six pilot zones for future industries and enhance efforts to reduce greenhouse gases emissions by spending 60 billion yuan to upgrade over 2,000 energy conservation and carbon reduction technology projects.

Twenty-seven policies related to matters such as fiscal taxes, land use, and financing have been rolled out to support the implementation of the plan.

Zhejiang's economy witnessed steady growth in the first two months of this year. The added value of industries above designated size and fixed asset investment both grew by double digits during this period, according to the Provincial Bureau of Statistics.