A total of 25 investment projects valued at 62.89 billion yuan are officially launched in Ningbo's Qianwan new district, Zhejiang province on Nov 14 [Photo/cnnb.com.cn]

A total of 25 investment projects valued at 62.89 billion yuan ($9.38 billion) broke ground in Ningbo's Qianwan new district, Zhejiang province on Nov 14, according to local media reports.

Four projects saw investment exceeding 10 billion yuan and 10 saw investment top one billion yuan.

The projects primarily focus on the medical equipment, new materials, infrastructure, culture, and tourism sectors.

Zhen Shanjie, Party chief of Ningbo and Qiu Dongyao, mayor of Ningbo, attended the ground-breaking ceremony and met a number of key business leaders, including Zhang Yuliang, president of Greenland Group and Yang Yue, vice president of Tianyi Group.

Qianwan new district plays an important role in promoting Ningbo's integration in the Yangtze River Delta region; the local government will work hard to ensure excellent administration services to support these projects, said Zhen.

Spanning an area of 604 square kilometers, Qianwan new district, established in July, encompasses three parts: Hangzhou bay industrial accumulative zone (353.2 sq km), part of Yuyao district (106.6 sq km) and part of Cixi county (144.2 sq km).