Zhangjiang projects boost city's economy

Projects valued at 36.4 billion yuan (US$5.2 billion) were signed or initiated in Zhangjiang high-tech park on Thursday, indicating a gradual resumption of production and economic recovery. 

Among them, firms signed with Zhangjiang Group to activate 30 new projects and other firms broke ground on 20 projects in the area, which is often dubbed as a local version of Silicon Valley.

The projects cover innovation and research platforms, integrated circuits, bio-medicine, artificial intelligence and urban management, according to Zhangjiang. 

Firms in the area also announced a new batch of donations to fight COVID-19 outbreak. To date, firms in Zhangjiang have donated money and goods valued at over 100 million yuan.