Harbin, the capital city of China's northernmost Heilongjiang province, will implement 350 key industrial projects in the current year to boost the construction of a modern industrial system.
 
Of which, the number of projects each with an investment of more than 5 billion yuan ($719.42 million) is five, and the number of projects each with an investment of over 1 billion yuan reaches 30.
 
Among the to-be-conducted projects is the continuation of the Shangzhi Pumped Storage Power Station project, with an investment of 8.35 billion yuan, and the continuation of the Wuchang Daoxiang Township project, which is invested in by Wuchang Qiaofu Dayuan Agricultural Co and has an investment of 5 billion yuan.
 
They also include Wanbang Digital Energy Company's water surface photovoltaic power generation project, which received an investment of 2.8 billion yuan; and the continuation of Feihe (Harbin) Dairy Co's dairy product intelligent industrial park project, with an investment of 2.16 billion yuan.
 
Information from the Harbin bureau of industry and information technology shows that Harbin aims to grow its industrial fixed assets over a three-year period.
 
This was stated in the Three-Year Action Plan for Harbin's Industrial Project Empowerment and Quality Improvement, which was officially announced by the city in 2021.
 
Since the implementation of the action plan, great results have been made by the city.
 
From 2021 to 2022, Harbin promoted 515 industrial projects and 200 digital economy projects, exceeding the planned target of investment growth of more than 10 percent each year.
 
In particular, the industrial investment growth rate of Harbin in 2022 reached 19.3 percent.