- City included with 64 projects in Zhejiang’s 2026 investment plan, with a total planned investment of 408.2 billion yuan.
- Key initiatives span sectors like manufacturing, shipbuilding and clean energy.
Zhoushan, a city in the eastern coastal province of Zhejiang, has secured 64 major projects as part of Zhejiang’s push to expand effective investment in 2026, with a total investment of 408.2 billion yuan ($59 billion).
These projects, spanning key sectors including advanced manufacturing, transportation, clean energy, and tourism, are included in the province’s signature “Thousand Projects, Trillion Yuan” blueprint aimed at channeling capital into a number of high-profile industries.
An archipelago strategically located off the eastern coast of Zhejiang, Zhoushan is an important hub for maritime activities like shipping, fishing, and increasingly, industries such as advanced manufacturing and clean energy.
Announced recently by the Zhejiang Development and Reform Commission, an economic planning body, Zhoushan’s 64 projects will receive a combined 53.02 billion yuan in planned investments for 2026.
The selected initiatives include the Weizhao semiconductor packaging and module production base, the North-South offshore equipment manufacturing facility, and the Xinhang heavy equipment project.
Launched in September 2025 with an initial investment of 1.29 billion yuan, the Weizhao project focuses on integrated circuit production.
The Xinhang project, a 900-million-yuan joint venture between Singapore’s Andah Shipping and Zhoushan’s Huafeng Shipbuilding, aims to establish a modern, green, low-carbon, and digitalized shipbuilding and marine equipment repair base in the southwestern Dinghai region of Zhoushan.
The South-North offshore equipment facility, costing 880 million yuan to build and also in Dinghai, specializes in manufacturing marine machinery.
In 2025, Zhoushan achieved a fixed asset investment total of 113.99 billion yuan, increasing 0.6% year-on-year and outpacing the provincial average by 9.7 percentage points.
The city’s robust private investment growth and strong focus on industrial development positioned it third in the province in terms of investment ranking, although local authorities did not disclose specific growth rates for private and industrial investments.
These endeavors align with the provincial government’s broader goal to advance development in more than 1,000 key tech and infrastructure projects, as part of its ongoing “Thousand Projects, Trillion Yuan” program, which targets over 1 trillion yuan in investment each year.
The first batch of the province’s 2026 project list includes 1,678 major initiatives, with an annual planned investment of 1.1 trillion yuan, covering sectors such as advanced manufacturing, transportation energy, technological innovation, and social welfare.
