The signing ceremony for key investments projects in Xi'an was held online at the Xi'an municipal bureau of investment cooperation on Feb 27, with 27 projects totaling an investment of 19.52 billion yuan ($2.79 billion).

The projects covered industries such as advanced manufacturing, biomedicines, aerospace, headquarters projects, the new economy, modern services and cultural tourism.

Of the total, three are investment projects for Fortune 500 Global Companies, one is for a China Top 500 enterprise and six are projects with an investment of over 1 billion yuan.

With high scientific and technological content, the projects will effectively promote the construction of a strong city of advanced manufacturing and contribute to the high-quality development of Xi'an.

Since the outbreak of the novel coronavirus pneumonia epidemic, Xi'an has been actively exploring the use of new channels, forms and methods for investment promotion, investment cooperation and stable economic operations, while paying close attention to the epidemic prevention and control work.

Officials said this is only one of a series of online signing activities.

More online signing activities and online business training sessions will be organized in the future to enhance business capabilities and promote more projects to settle in Xi'an, according to Du Yanxiu, deputy director of the Xi'an municipal bureau of investment cooperation.