Investing in Liaoning
Located in Northeast China, the province of Liaoning is well-known for its rich deposits of raw materials and oil. Besides, Liaoning province is acknowledged for the high concentration of state-owned companies operating in heavy industries, particularly in the steel, petrochemical, and industrial automobile, and machinery industries. Shenyang is the capital of Liaoning province and the largest city in Northeast China. The province of Liaoning covers a total surface area of 145,900 km2 with a population of 42.6 million inhabitants.
Local authority data shows that Liaoning Province recorded total exports of USD 38 billion and total imports of USD 56 billion, with 17,028 established foreign investment companies. In addition to an average urban salary of USD 10,174.
In terms of GDP among the provinces in China, Liaoning ranked 16th, reaching USD 364 billion in 2020 and USD 358 billion in 2019 with a GDP per capita of USD 8.363. Along with GDP growth of +5.5% in 2019 and +0.6% in 2020.
Main Economic Centers (GDP) in Liaoning
Dalian (USD 102 billion)
Shenyang (USD 95 billion)
Anshan (USD 25 billion)
Yingkou (USD 19 billion)
Panjin (USD 19 billion)
Main Sectors in Liaoning
Raw materials
Automotive
Industrial machinery
Petrochemical
Main Industrial Areas in Liaoning
Liaoning Pilot Free Trade Zone
Shenyang Economic and Technological Development Zone
Shenyang Huishan Economic and Technological Development Zone
Lushun Economic and Technological Development Zone
Dalian Economic and Technological Development Zone
Yingkou Economic and Technological Development Zone
Shenyang High-tech Industrial Development Zone
Dalian High-tech Industrial Park
Yingkou High-tech Industrial Development Zone
Shenyang Comprehensive Bonded Zone
Dalian Free Trade Zone
Yingkou Comprehensive Bonded Zone
(Liaoning) Pilot Free Trade Zone
Established in 2017 with the aim of leading the transformation of the economic growth model of the Northeast region, through the creation of an innovative and global business environment.
The target industries are shipping logistics, financial services, high-tech manufacturing, circular economy, automotive, aeronautical equipment, cross-border e-commerce, information technology, digital economy. Moreover, the functional areas include the Shenyang area (30.0 sq. km), Dalian area (59.9 sq. km), and Yingkou area (29.9 sq. km).