The 24th China Zhejiang Investment and Trade Symposium and Forum on "Investing in Zhejiang" kicked off in Ningbo on May 16, 2023. (Photo/Tide News)

On May 16, at the 24th China Zhejiang Investment and Trade Symposium and Forum on "Investing in Zhejiang", a total of 21 key foreign investment projects with a sum of 9.85 billion US dollars were signed successfully.

For example, Sanofi's new drug production line project is one of the signed projects. The company will start plant line equipment import and plant expansion at its earliest convenience, continue to increase investment and production expansion in Hangzhou, and improve Hangzhou Sanofi's strategic position in its global market layout.

Julia Materos Caro, general manager of Sanofi Hangzhou plant (Photo/Ye Ke)

During the group interview with Julia Materos Caro, general manager of Sanofi Hangzhou, Ms Julia indicated that China is a very important market for Sanofi. She thinks that the business environment of Hangzhou is very good and Sanofi will continue to expand investment in Hangzhou in the near future.

It is expected that 62 foreign investment projects with a total investment of 17.78 billion US dollars will be signed during the event. These projects are mainly from the United States, Germany, France, Belgium, Singapore, Hong Kong and other countries and regions, involving high-end equipment manufacturing, biomedicine, digital economy and other high-tech industries. Among them, 35 projects are with a total investment of more than 100 million US dollars, 6 projects with a total investment of more than 1 billion US dollars, and 17 projects of the World's top 500 companies and industry leaders.

Reporter: Ye Ke