East China's Zhejiang province recently released a list of development pilots for the integration of the advanced manufacturing and modern services industries.
Quzhou has reportedly been attracting a number of well-targeted and high-quality new materials industry projects of late.
Zhejiang Industrial Fund, operated by the State-run Zhejiang Provincial Financial Holdings Co, has made a total investment of nearly five billion yuan ($770 million) in about 20 projects related to the province's rural revitalization drive.
Quzhou city is striving to upgrade its 2.0 version traditional manufacturing industry.
In recent years, Zhejiang authorities have built 400 digital agriculture factories and 2,200 e-commerce demonstration villages across the province, pushing forward the in-depth application of digital technologies into the farming, animal husbandry, and fishery sectors.
Quzhou city reported a 38.4 percent surge in the value of imports and exports from January to May to 17.36 billion yuan ($2.68 billion) against the same period last year.
Quzhou has expanded its efforts to construct so-called future factories.
East China's Zhejiang province saw its small and micro-sized companies, which were generally hardest hit by the COVID-19 pandemic, grow 12.45 percent to 2.5 million in total number in 2020, according to the latest statistics by the Zhejiang Administration for Market Regulation.