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Liaoning's coastal economic belt's attracts foreign investment
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16:23, July 02, 2009

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Since its establishment in 2005, Liaoning Province's coastal economic belt's foreign investment annual growth rate has been over 50 percent in the last four years, which is the highest nationwide.

The economic belt has already become a new platform for opening-up Liaoning Province and other provinces in northeast China and east Inner Mongolia. It has also become an important point of growth to revitalize northeast China. The economic belt is becoming a major bridge transferring south China's capital to north China and transferring industries to northeast Asia.

From January to May this year, 49.31 billion yuan was invested in fixed assets and infrastructure construction in key coastal regions in Liaoning Province. 143 contracts were signed, realizing a gross investment of 75.97 billion yuan, and 374 projects were registered, realizing a total investment of 134.4 billion yuan. Over 100 Fortune Global 500 multinationals have settled in Liaoning Province.

In 2005, the Provincial Party Committee and People's Government of Liaoning Province put forward a strategy of opening up its coastal regions to establish a coastal economic belt that includes coastal cities like Dalian, Dandong, Jinzhou, Yingkou, Panjin and Huludao.

The strategy put emphasis on the development and construction of five regions bordering the Yellow Sea and the Bohai Sea, including Dalian Changxing Island Harbor Industrial Zone, Huayuankou Economic Zone and Yingkou Coastal Industrial Base, and coastal highways bordering the Yellow Sea and the Bohai Sea.

By People's Daily Online


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