A total of 17 investment projects, valued at 10.56 billion yuan ($1.62 billion), break ground in Fenghua district, Ningbo, East China's Zhejiang province on June 22. [Photo/cnnb.com.cn]

A total of 17 investment projects, valued at 10.56 billion yuan ($1.62 billion), broke ground in Fenghua district, Ningbo, East China's Zhejiang province on June 22, according to local media reports.

The projects primarily involve public services, manufacturing, and commerce.

Among them, seven are industrial projects funded by companies including Zhejiang Aolaier Hydraulic Co Ltd, Ningbo Hongyue Metal Products Co Ltd, Zhejiang Maixin Technology Co Ltd, and Ningbo Feige Intelligent Technology Co Ltd, with a combined investment of 880 million yuan.

The other projects include a hotel, a school, a hospital, and an amusement park.

In mid-April, 18 investment projects, worth 10.96 billion yuan, also began construction in the district.

The construction of major projects which underpins the high-quality development of the regional economy reflects Fenghua's strong development momentum.

It has emerged as a magnet for investment in recent years. Official data shows the district's investment in fixed assets surged 37.2 percent year-on-year to 15.31 billion yuan in the first five months of this year, with its growth rate ranking among the top three administrative areas in Ningbo.

A rendering of an amusement park that will be built in Ningbo's Fenghua district. [Photo/cnnb.com.cn]