Shaoxing is one of the cities to be planned first and developed first in the south of the Yangtze River Delta determined by China's State Council. Up to now, it has established direct trade ties with 105 countries and regions, and sister city and friendly exchange relationships with 10 cities in foreign countries. At present, there are 5 provincial economic development zones, a provincial tourism development zone and a new hi-tech development zone in Shaoxing. Among them, Shaoxing Economic Development Zone is the only land development program loaned and supervised by the World Bank of all the development zones in China.
The city has altogether approved 1590 foreign investment companies, Sino-foreign joint ventures and Sino-foreign cooperative enterprises, with a total investment of 3.5 billion US dollars, an agreed foreign investment 1.45 billion US dollars, and an actual foreign investment 680 million US dollars. The foreign investors come from 44 countries and regions. Their investments are involved with 25 professions such as agriculture, energy resources, textile, machinery, electronics, chemicals, pharmaceuticals, light industry, construction materials, etc. According to the analysis of foreign investment, about 85% of the companies are making profit.
It has established 46 companies or organizations in countries and regions such as the U. S., Japan, Hong Kong, Southeast Asia, Eastern Europe and the C.I.S.