Xihu attracts more projects to upgrade local industries

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.

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