The Ministry of Industry and Information Technology inked two agreements with Zhejiang provincial government in East China on Saturday to facilitate the growth of the internet industry in the region.[Special coverage]
The first agreement will focus on building a leading platform for internet industries, and facilitate the integration and cooperation of other internet platforms, according to the agreement.
The agreement also set the leadership party that will oversee the project. Zhejiang provincial government and the ministry will hold an annual joint conference and special session to push the agenda from the agreement.
The second agreement was signed between the ministry, the provincial government and the government of Hangzhou, the provincial capital. It aims to create companies worth trillions of yuan, and expand cooperation of Hangzhou's software industrial development zone to the world.
In 2014, the Ministry of Industry and Information Technology gave Hangzhou the title, "famed city of China's software".
"The new agreement is another great support for Hangzhou's development," said Chen Xinhua, Hangzhou's deputy mayor.