A bird's-eye view of Qiantang district. [Photo/WeChat account: XS_HEDA]

Qiantang district is making a major push to advance 34 high-quality projects, with a total investment of nearly 30 billion yuan ($4.2 billion), reinforcing its role as a key engine of growth.

The projects span sectors including industrial development, technological innovation, urban infrastructure, and public services.

At a recent 2025 project advancement conference, agreements on 16 projects were signed, with a combined investment of over 15 billion yuan. Highlights include the 5-billion-yuan Yifa Global Fashion City, focusing on smart textile manufacturing, and a 2.5-billion-yuan solid-state battery facility by Origin Battery Co.

Jiangxi-based Dadi Pharmaceutical Co will invest 2 billion yuan in a new R&D and production headquarters in Qiantang. "Qiantang's industrial clusters, innovation-friendly ecosystem, and responsive government services made it a clear choice," said a company representative.

MDK Microelectronics' semiconductor facility — launched in 2022 — is now finished and will begin production by year-end.

From January to May, Qiantang signed agreements on 52 major projects worth over 100 million yuan each, leading Hangzhou in manufacturing investment and ranking first citywide and third province-wide in Q1 investment completion rate.

A rendering of the Yifa Global Fashion City. [Photo/WeChat account: XS_HEDA]