During a recent press conference held by the Liaoning Provincial Government Information Office, it was announced that in the first three quarters of the year, Liaoning’s industrial added value has seen a year-on-year growth of 3.4%. This represents an improvement of 0.6 percentage points compared to the growth rate between January and August, while the gap compared to the national average has also narrowed by 0.6 percentage points.
When asked about the strategies employed to support industrial growth, officials highlighted the significant role of a dedicated task force focused on stabilizing and expanding production and investment. They emphasized the importance of maintaining production levels, advancing “base-point management,” enhancing monitoring and scheduling, and ensuring resource availability. Notably, over 40 meetings have been organized to connect production and demand, promoting market share acquisition and stabilizing corporate cash flow. The government has allocated 150 million yuan in growth incentive funds to boost business confidence, and the “small-scale businesses go public” initiative has led to the addition of 302 new industrial enterprises. The cumulative value of production regained through base-point management has reached 65 billion yuan.
Further, officials detailed actions taken to stabilize key sectors including oil, steel, and automotive production. A dedicated “Three Stability” task force has been established, with specific plans aimed at securing increased crude oil processing by China National Petroleum in Liaoning. There was also a collaborative meeting with Ansteel to improve local steel procurement capabilities and efforts to ramp up production at the Brilliance BMW plant in September.
In terms of driving effective investments, the province is advancing 119 state-level projects that aim to cultivate trillion-yuan industrial bases, leading to the reopening or commencement of 4,089 projects and the completion of 625 projects. There is a focus on substantial equipment upgrades and technological transformations, with eight projects securing a total of 910 million yuan in special loans and 38 projects receiving 584 million yuan in long-term special treasury bonds. Notably, Shenyang and Dalian have been selected as pilot cities for new manufacturing technology transformations, topping the national list.
Highlighting regional performance, data indicated that out of Liaoning’s 14 cities, 11 experienced positive growth in the first three quarters, with six cities outpacing national growth rates. Dandong, Benxi, and Liaoyang each reported growth rates exceeding 10%. Key sectors such as equipment manufacturing, metallurgy, and consumer goods recorded year-on-year growth of 4.5%, 7.2%, and 5.9%, respectively. Among the 40 major industries in the province, 30 saw increased value added, yielding a growth coverage of 75%. Moreover, industrial investments rose by a cumulative 8.9%, surpassing the province’s fixed asset investment growth rate by 4.1 percentage points, representing 40% of the province’s overall fixed investment and reflecting a year-on-year increase of 1.5 percentage points.
Chen Hu, Deputy Director of the Liaoning Provincial Department of Industry and Information Technology, acknowledged that ongoing macroeconomic fluctuations and weak domestic demand pose challenges for sustained growth. He assured that the province will enhance targeted guidance and support for production operations, striving to improve the quality and efficiency of the industrial economy. Liaoning aims to accelerate the establishment of four trillion-yuan industrial bases and 22 industrial clusters, focusing efforts on enterprises, projects, industries, and industrial parks as they work toward achieving their annual goals in the final quarter of the year.
