Huachen Automotive Group and Haiyunronghua Investment Group signed an agreement on Aug 23, with the Development and Construction Management Committee of Xi'an-Xianyang's new development area that guarantees an investment of 20 billion yuan into the project to fund construction.

The signing ceremony was attended by Shaanxi Provincial Party Committee vice governor Jiang Zelin, and vice governor of Liaoning Provincial People's Government Liu Guoqiang, along with other leaders.

Jiang spoke with Liu before the signing ceremony, and expressed his faith on the development of Xi'an-Xianyang's new development area. He said that the Management Committee of the area would perform all relevant duties, representing Shaanxi Provincial Government.

Additionally, all kinds of incentives would be available in the area, including western development. Xi'an-Xianyang's new development area was also connected to energy development in North Shaanxi.

It was the second time Liu had visited Xi'an-Xianyang's new development area, And he was shocked by the great change taking place. According to Liu, it was an honor for state-owned enterprises in Liaoning Province to take part in the development and construction of the area.

Xi'an-Xianyang's new development area covers 882 square kilometers, 272 square kilometers of which are to be used as the site for construction. The area will be developed into an urban city, which will have convenient transportation, a beautiful town centre and urban agriculture. The development of Xi'an-Xianyang's new development area will become a new model of urban development in China.