On October 24, during a press conference held by the Liaoning Provincial Government’s Information Office, it was announced that Liaoning Province is experiencing significant growth in investment attraction. The province expects a 16.9% increase in funds secured for investment during the first three quarters of the year. Notably, domestic investment is projected to grow by 17.7%, with foreign investment expected to reach 18.56 billion yuan.
Zhang Jian, the Deputy Director of the Liaoning Provincial Department of Commerce, highlighted that the province has developed detailed plans targeting key investment initiatives. These include the fifth Liaoning Fair for Investment and Trade, the 2024 Summer Davos Forum, three major investment promotion weeks, and efforts directed at key countries and regions to enhance precise investment strategies.
Liaoning is making the most of its economic development zones as a primary force in attracting investment. The province is deepening its institutional reforms and has issued a plan to revitalize existing business assets and expand effective investments. This includes revitalizing 16 major projects that cover an area of 2.268 million square meters. Surveys of economic development zones are being conducted to create lists of conditions and innovative reform recommendations, guiding the formulation of tailored reform plans.
The province organized 19 economic and trade activities, resulting in the signing of five key projects worth 930 million yuan. The Liaoning-Chongqing and Yangtze River Delta investment promotion weeks showcased 746 projects, with a total signing amount surpassing 45 billion yuan. The fifth Liaoning Fair for Investment and Trade was successfully held, leading to the signing of 272 key projects totaling 278.44 billion yuan.
In terms of major investment projects, Liaoning Province saw 1,358 domestic projects secured with over 100 million yuan, bringing in a total investment of 648.53 billion yuan—an increase of 19% year-on-year, representing 83.9% of the province’s total. Among these, 121 projects exceeded 1 billion yuan, totaling 316.11 billion yuan, marking a 30.8% increase and accounting for 40.9% of the province’s total investment. Major sources of external funding include the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Pearl River Delta, contributing a total of 537.89 billion yuan—an 11% increase year-on-year, which makes up 69.6% of the total investment in Liaoning.
Looking ahead, Liaoning plans to intensify its investment attraction efforts, ensuring the successful organization of the second China-Russia Local Investment Development and Trade Cooperation Conference, as well as investment promotion weeks in the Pearl River Delta and the Beijing-Tianjin-Hebei area. The province is also committed to closely following up on key foreign investment projects to ensure tangible outcomes.
Simultaneously, efforts will be made to solidify the recovery momentum in foreign trade. This includes enhancing the accountability system for foreign trade support, tracking the development of 35 new foreign trade growth points, and effectively conducting key trade promotion events such as the 15th Cross-Border Procurement Conference. Liaoning aims to empower its industrial sector to expand overseas and boost the confidence of foreign trade enterprises through strengthened collaboration with customs and industrial departments.
