The Global Zhejiang Merchants' Tour in Shanxi – Shanxi Industry Chain Development Conference was held in Taiyuan, capital of North China's Shanxi province, on Aug 30. 

Businessmen, entrepreneurs and think tank experts from East China's Zhejiang province gathered to discuss the new development opportunities facing Zhejiang merchants and promote their cooperation and investment in Shanxi based on their industrial advantages in new energy, new materials, and digital economy. 

The Taiyuan branch of China Zheshang Bank signed a strategic agreement with the Zhejiang Enterprise Federation in Shanxi to provide 30 billion yuan ($4.35 billion) in credit support for the federation. 

The Global Zhejiang Merchants' Tour in Shanxi, one of the activities of the upcoming Taiyuan Energy Low Carbon Development Forum on Sept 1-3, will also include business surveys and visits to the Taiyuan-Xinzhou Integrated Economic Zone, Shanxi Transformation and Comprehensive Reform Demonstration Zone, and cities in the province, furthering cooperation and industrial matchmaking between Shanxi and Zhejiang. 

Shanxi has been boosting local industrial chains recently. The Zhejiang-invested businesses in the province are involved in the new energy, high-end equipment manufacturing, photovoltaic and synthetic biology industries, which are closely related to the 10 key industrial chains in Shanxi. 

The member enterprises of the Zhejiang Enterprise Federation in Shanxi alone have invested more than 500 billion yuan in Shanxi, employing over 4 million people and generating over 20 billion yuan in profits and taxes.