A ceremony was held in the Deqing Economic Development Zone to mark the commencement of the construction of the Jinyindao International Hotel, a five-star hotel that will be the first of its kind in Deqing County, Zhejiang.

The construction of Jinyindao International Hotel, which has a joint investment of CNY350 million from Karfull Investment Company and Zhejiang Kaisimei Cashmere Company, is slated to be completed by the end of 2011.

As one of the largest projects in the DEDZ in recent years, the construction of the hotel is expected to play an important role in upgrading Deqing county's image, optimizing its investment environment and promoting its tourism.

(China Hospitality News March 26, 2009)