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Liaoning coastal cities attract 162 billion yuan investment

Updated: 2010-02-09

From January through August, Liaoning Province had 666 projects newly registered in 29 coastal key areas, with a total investment of 162.6 billion yuan.

Among them, foreign-invested projects amounted to 198, valuing 3.63 billion U.S. dollars in contracts and 2.18 billion U.S. dollars in actual capital, 24 percent of the province’s attracted investment. When the Liaoning coastal economic belt construction is elevated to the national development strategy, investment in the coastal areas in the province keeps surging in values.

The six coastal cities in the provincev - Huludao, Jinzhou, Panjin, Yingkou, Dalian and Dandong- have carried out various measures to attract investment. For example, Yingkou City expects to attract investment by three events themed “Yingkou belt-based city development and construction”, “Yuehai Water City, a coastal industrial base” and “micro-electronic industrial park” this year.

New energy investment is a priority in the coastal economic belt this year. In August alone, Bailu (Dalian) New Energy Investment invested 36 million dollars. Dalian Changxing Island CGNPC Wind Power invested 36 million dollars.

At the same time, equity investment companies are becoming an emerging force in the coastal economic belt. The typical examples are Nippon Sanso Investment Project and SKF Bearings and Precision Technology Project.

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