Xi'an signs another 20 projects online

The signing ceremony for a second batch of key investments projects in the city of Xi'an, capital of Northwest China's Shaanxi province, was held online at the Xi'an municipal bureau of investment cooperation on March 12.

Officials said that at the ceremony 20 projects were signed off.

The industries involved included the advanced manufacturing sector, the new economy, the headquarters economy, hotels and cultural tourism, and environmental protection.

The projects will promote the upgrading of the city's modern services industry and help build a city with a dynamic manufacturing industry.

Out of the total, three are investment projects for Fortune 500 Global Companies, one is for a China Top 500 enterprise, one is for the top 100 unicorn enterprise and five are projects with an investment of over 100 million yuan ($14.29 million).

One project, the Xi'an Google experience center headquarters economy project, has a planned total investment of 800 million yuan.

Within three to three years after the completion of the project, it is expected to attract no less than 20 related industrial chains and financial companies to locate in the city and increase the annual amount of foreign trade exports of Xi'an by 1 billion yuan.

"At present, the investment promotion departments at all levels of the city have organized more than 10 online investment promotion activities, to promote more projects to come and settle here," said Huang Yuhui, director of the Xi'an municipal bureau of investment cooperation.