Northeast China's Liaoning Province, one of China's major industrial bases, has vowed to achieve an industrial added value of 97 billion yuan this year, an increase of 7.5 percent over 1999.

According to the new targets of the province's economic development program, large and medium-sized state-owned enterprises are expected to produce 363 billion yuan worth of goods this year, up 8.5 percent over 1999.

Under the new program, 40 large state-owned enterprises are expected to set up modern enterprise systems. And the province will invest 28 billion yuan for technological renovation this year while hoping to actually utilize three billion US dollars in foreign funds.