A software project signing ceremony was held through a video conference on Friday in Beijing and Qingdao, East China's Shandong province, an innovative way to maintain economic growth amid novel coronavirus break.

During the ceremony, Beijing-based software company DHC confirmed an investment of project valued at 3 billion yuan ($428 million) in Qingdao Laoshan district.

According to the agreement signed by DHC, Qingdao Municipal Bureau of Industry and Information Technology and Laoshan district government, the project involves server manufacturing, big data center, internet hospital, industrial incubation and training programs. The server manufacturing as well as its middleware research and development is expected to be authorized by tech giant Huawei.