Park to become national materials center

The Huayuankou Industrial Park in Dalian is poised to become a national-level new materials industrial center, following an announcement that it has secured 20 projects of new materials. These recently agreed initiatives are set to trigger substantial growth in Dalian, the second largest city in Liaoning.

From January to September this year, foreign capital in the region grew by 22 fold, domestic investment increased by 16 times and budgetary fiscal revenue was eight times that of the same period last year.

Dong Chengfa, director of the management committee of the Huayuankou Industrial Park, said the combined investment in the 20 projects was in excess of 30 billion yuan (around $4.2 billion), accounting for some 75 percent of the total investment in the region.