A meeting on providing service to foreign investors was held recently and Cixi was again recommended as an excellent investment destination, which is of great significance in promoting foreign investment and proving better service for foreign investors.  

It is said that foreign investment introduction has been going on very well since last year. There was even a boom in introducing foreign investment. Up till now, there are 24 programs taking advantage of foreign investment, involving 390 million USD, among which 180 million USD is contracted one. 18 programs are tertiary industrial items, accounting for 75%. Liansheng Group from Hong Kong has invested 78 million HKD and second branch of RT Mart and In-time Square are now under construction. The plan for construction of first joint travel agency, Wanguo International Travel Agency, has been approved by Commerce Ministry of China. The construction of Cilin Hospital, which is the result of cooperation between HCA from America and Cixi, has been initiated and expected to be put into use in three years. Tianlong Net Techonology has gained 20 million USD from an American risk investment institution.  

In addition, 100 million U.S. dollars of contracted foreign capital from Chia Tai Group will be used to develop 25,000-mu eco-technology garden along Hangzhou Bay. The group has invested 15 million USD into the program. At the same time the group has also invested 29 million USD and 18.3 million USD to build a modern agricultural construction corporation and an agricultural development corporation. Other programs include investment into education by Wu Zhaofei from Taiwan, a Home Appliance Square, a logistics center, a Speed Eight chain hotel and a Food Town, which involves more than 1.2 billion Yuan.