Liaoning pursues revitalization

Northeastern province vows to deepen reforms, improve business environment to attract more investors

Liaoning province is recovering from its leaner years as it attracts more and more foreign capital and know-how, especially in advanced technology, services, logistics and the financial sector, maintaining robust growth as it competes with other coastal provinces.

Northeast China had been a key engine for the country's heavy industry before the reform and opening-up in the late 1970s, but in the following years, Liaoning struggled. With its neighbors Jilin and Heilongjiang provinces, it became known as the rust belt as a result of deindustrialization, similarly to the northeastern regions of the United States.