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The added value of the high-tech industries in Jiaxing, East China's Zhejiang province, was 48.4 billion yuan ($7 billion) in the first quarter, up 12.9 percent year-on-year, the second highest growth rate in the province.

In the first quarter, investment in the city's high-tech industries reached 22.28 billion yuan, a growth rate of 39.2 percent, 4.8 percentage points higher than that of the whole province and accounting for 29.2 percent of the city's total investment in fixed assets.

The Pinghu Runze International Information Port in Xindai town, Pinghu, one of the city's major scientific and technological innovation projects, received a total investment of 13 billion yuan.

It will become the largest big data innovation and application center in the Yangtze River Delta region, focusing on attracting world-famous network, cloud computing, internet of things, e-commerce and consulting enterprises and aiming to improve the development of related industries.

According to the plan, by 2027, Jiaxing's total research and experimental development expenditures should account for more than 3.65 percent of the city's gross domestic product, and the added value of the high-tech industry is expected to account for more than 73 percent of the industrial added value of above-designated-size enterprises.