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Xihu attracts more projects to upgrade local industries

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Xihu attracts more projects to upgrade local industries

September 30
17:26 2021

Representatives sign cooperation agreement on 26 projects in Xihu district, Hangzhou, East China’s Zhejiang province. [Photo/zj.zjol.com.cn]

Xihu district in Hangzhou, capital city of East China’s Zhejiang province, signed agreements on 26 projects worth 5.3 billion yuan ($820 million) on Sept 26.

These project involve digital economy, new manufacturing, life sciences and health, as well as cultural and creative industries.

Among them, Nanjing-based White Matrix, a leading enterprise in blockchain technology research and development in China, agreed to invest 200 million yuan in building a blockchain international ecology center focusing on R&D, environmental protection, education, as well as exchanges with other companies and institutes.

Jovan Group is expected to invest 1 billion yuan in constructing a wholly-owned subsidiary in Xihu district for real estate, smart senior care, and property service. Zhejiang Hangke Cell Engineering Co Ltd will invest 100 million yuan to build a stem cell biotechnology laboratory and a stem cell storage library, both in line with international standards.

On the same day, 16 projects, worth 11.39 billion yuan, broke ground. They involve industrial development, public welfare, and infrastructure.

Media Contact
Company Name: The Information Office of Hangzhou Municipal Government
Contact Person: Cai Jingwen
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Phone: 0510-68559077
Country: China
Website: http://www.ehangzhou.gov.cn/