Xining also hold a series of important festivals to make it well-known such as ‘Tulips Festival', ‘Qinghai Economic Negotiation Conference', ‘Tibetan Blanket Exhibition', ‘Around Qinghai Lake International Road Bicycle Race ' and ‘Qinghai Ethical Cultural Tourism Festival', which attract more and more domestic and foreign friends come to Xining to travel and make investment. The number of investors coming to Xining is increased one year after the other, the scale of investment and cooperation with foreign countries is enhanced. The scope of foreign investment has been gradually extended from traditional fields of real estate, restaurants, entertainment and high-wasting industries to the fields of agricultural comprehensive exploitation, water and electricity construction, high-tech industries and cultural communication etc. During the tenth Five-Year Plan period, 1130 projects foreign and abroad have been introduced to Xining , whose investment is approximately one hundred million RMB. 120 new foreign-owned enterprises have been established, 4 hundred million USD has been used through contracts, and the gross of export and import have been reached 15 hundred million USD.