Xiaoshan Economic and Technological Development Zone has two provincial-level development zones, namely, Hangzhou Jiangdong Industrial Park and Xiaoshan High-tech Industrial Park, and Xiaoshan Development Zone of Hangzhou National Software Industry Base. Among them, Jiangdong Industrial Park aims to build an advanced manufacturing base around Hangzhou Bay, which is a new space and main platform for the development of Xiaoshan Development Zone. At present, the park has successfully established Zhejiang CNC equipment manufacturing base and Hangzhou automobile industrial park. At the same time, the Innovation Center of High-tech Park, Shizuoka Industrial Group, Taiwan Province Machinery Industrial City and China (Hangzhou) Women's Wear Industrial Park were successfully built in the development zone, which played an important role in upgrading the industrial structure, gathering industrial advantages and promoting regional economic development. Xiaoshan Economic and Technological Development Zone regards the project as its life, and the achievements of attracting investment are constantly expanding. By June 38, 2007+February, 750 enterprises had been allowed to enter the zone, including more than 450 foreign-funded enterprises from 26 countries and regions, with a total investment of US$ 4.9 billion, contracted foreign investment of US$ 2.65 billion, registered capital of US$ 3 billion, and large projects with an investment of over US$ 0.5 billion/kloc-0.50. American General Electric, Sweden Ericsson, Albany, Italy Fiat, Germany ZF, Japan Marubeni, Itochu, Aisin Seiki, Yamaha, Taiwan Province Mingdieshe, Zhonghua Chemical Fiber, Youjia Machinery, Lishan Group, China National Heavy Duty Truck, Wahaha, Youth Automobile, Gio Automobile, Hanbo International and other well-known enterprises have invested in the park, forming networks of electronic communication and auto parts.