A computer-generated image depicting the base for intelligent lithium battery and OLED semiconductor equipment in Guangming District.

On Oct. 10, Shenzhen initiated the construction of 271 new projects for the fourth quarter this year, aiming to bolster investments and accelerate the city's socioeconomic development. The projects come with a total investment of approximately 314.9 billion yuan (US$43.87 billion), with an annual planned investment worth 33.54 million yuan.

Thirty-five of the projects are in Guangming District, with a combined investment of 13.91 billion yuan and planned investment of 980 million yuan this year, and can be categorized into various industries.

Four industrial development projects account for a total investment of 4.71 billion yuan, with an annual planned investment of 150 million yuan. Notably, these projects encompass the establishment of a base for intelligent lithium battery and OLED semiconductor equipment, along with the Guangye Industrial Park Phase II project and others.

In addition, there are two real estate development projects with a total investment of 4.96 billion yuan, with an annual planned investment of 80 million yuan.

Furthermore, there are 29 urban construction projects, with a total investment of 4.24 billion yuan and an annual planned investment of 750 million yuan.