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Introduction to Liaoning Province

(Nen.com.cn)
Updated: 2007-02-12 17:30

Industry

Liaoning is a key link between China's northeast economic zone and the Bohai Sea Rim economic zone. The province is also a vital communication line from the northeast region southward to the Shanhaiguan Pass and beyond. The province has developed into an important industrial base, including Anshan, Fushun, Benxi, Dandong, Jinzhou, Yingkou, Fuxin, Liaoyang, Panjin, Huludao, Chaoyang, Tieling, Shenyang, and Dalian. There are 32,000 industrial enterprises in the whole province, including 1,587 classified as large and medium-size. Over 5,000 of these are state-owned-enterprises (SOE) and another 1,691 are funded by foreign-ventures (including Hong Kong, Macao and Taiwan). As China's major base of heavy industry, Liaoning holds an important place in iron and steel production, machinery, chemicals, electric power, oil extraction and processing and sea-salt production, along with coal, cotton textiles, tussah silk, and paper mills, etc. State-owned textile mills in Liaoning province, one of the oldest industrial bases in northeast China, saw a total profit of 21 million yuan (2.5 million US dollars) in 1995. As a big industrial base, Liaoning Province has shown great interest in the emerging IT industry and is now working hard to build "Liaoning Online" in order to accelerate its industrialization process. Currently Liaoning's IT industry ranks 10th in China, occupying 1/30 of the nation's total.

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