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The Haiyan Economic Development Zone in Haiyan county, Jiaxing. [Photo provided to chinadaily.com.cn]

Fixed-asset investment in Jiaxing, East China's Zhejiang province, expanded by 13 percent year-on-year in the first quarter of this year to 76.3 billion yuan ($11.10 billion), local media outlets reported on April 18.

The rate of increase placed Jiaxing in first place among its counterparts in Zhejiang.

Specifically, the Haiyan Economic Development Zone's fixed-asset investment jumped 44.54 percent year-on-year in the first three months of this year to 3.26 billion yuan.

Haiyan county recently broke ground on 37 major projects with a combined investment of 15.48 billion yuan, which involve infrastructure, advanced manufacturing, and high-tech industry.

Ningbo Deye Technology Co Ltd's Haiyan factory, one of the major projects, covers an area of 188 mu (12.53 hectares) and will cost 2.02 billion yuan. The factory is expected to generate 10 billion yuan in output each year.

Jiaxing plans to focus its attention on 100 projects worth more than 1 billion yuan each and ensure that investment in them will reach 105 billion yuan this year.

Meanwhile, this year the city is also attentive to the digital transformation of 1,000 projects and the environmentally friendly transformation of 400 projects.