Authorities in East China's Zhejiang province recently rolled out 55 policies to promote high-quality economic development.

Zhejiang is currently pursuing its goal of investing more than 1 trillion yuan ($147.54 billion) to promote high-quality economic development by the end of 2023 and driving the growth of fixed asset investment by more than 6 percent.

Many of the policies are aimed at strengthening financial funding and improving innovation in financial service technology. Authorities said they will also optimize financial support services and strengthen the cultivation of manufacturing talents.

Several policies are aimed at strengthening the modern service industry, facilitating the creation of a world-class port and strong transportation province, narrowing the gap between urban and rural areas, and promoting rural revitalization and urban-rural integration development.

The new policies also include those focused on enhancing aspects like employment, education, social security and medical care, promoting the liberalization and facilitation of trade and investment, and strengthening the institutional opening of the service sector.