Mulitple investment projects were signed during the Guangzhou Annual Investment Conference on Tuesday. [Provided to chinadaily.com.cn]

A total of 183 investment projects valued at more than 860 billion yuan ($131 billion), were signed on Tuesday during an annual investment event in Guangzhou, Guangdong province.

The projects, covering various industries — technology, digital economy, biomedicine, infrastructure and high-end services — would gradually build annual production value of more than 600 billion yuan, according to organizers of the Guangzhou Annual Investment Conference.

Because of the global coronavirus pandemic, the annual event has set up six parallel meetings in Singapore; Tel Aviv, Israel; Silicon Valley and Boston, Massachusetts, in the United States; Heidelberg, Germany; and Auckland, New Zealand.

According to the Guangzhou Bureau of Commerce, the city's use of foreign investment increased year-on-year by 7.5 percent last year.