The municipal government of Xi'an, the capital city of Northwest China's Shaanxi province, held a news conference on July 9, to introduce the city's investment promotion and talent recruitment program.

From January to May, the city introduced 168.77 billion yuan ($24.12 billion) of domestic capital and $3.4 billion of foreign investment in actual use, completing 45.5 percent and 45 percent of its annual tasks, respectively.

In the first half of the current year, Xi'an launched a series of policies and measures to recruit international professionals, as well as organizing special job fairs for high-quality overseas talent.

Officials said a total of 92 foreign experts and Chinese returnees were hired.

At the news conference, a newly upgraded cloud platform for investment promotions in Xi'an was also unveiled.

Officials said it is an open and intelligent investment service platform established by the Xi'an municipal bureau of investment cooperation.

It will release the latest investment information on such things as Xi'an's economic development profile, the investment environment, resources, investment trends, key projects and preferential policies.

The platform will rely on cutting-edge technologies such as 5G networks, artificial intelligence, big data and cloud services.

It will achieve the comprehensive integration of investment resources, intelligent analysis and the sharing of financing, as well as showcasing the city’s resources and disseminating investment information.