Central State-owned enterprises are a driving force in promoting local economic development in China. They have long been playing a very important role in the economic and social development of Liaoning. Currently, there are 1,758 state-owned enterprises at all levels in Liaoning, with total assets valued at 3.26 trillion Yuan and an annual cumulative operating revenue of 1.82 trillion Yuan. There are over 500 central-local cooperation major projects under construction, planned for construction, under negotiation or promotion, with a total investment exceeding 2 trillion Yuan.
Several major central-local cooperation projects are currently underway in Liaoning, including the reconstruction and expansion of the Suizhong-Panjin section of Beijing-Harbin Expressway, Benxi-Huanren Expressway and Lingyuan-Suizhong Expressway. The project is being implemented in collaboration with China Railway Engineering Group Limited (CREC）and China Railway Construction Corporation Limited (CRCC) . With a total investment of 73.7 billion Yuan and a total mileage of 636 kilometers, it is the largest transportation infrastructure project in Liaoning in recent years. Shenyang Aerospace Park Project, implemented in cooperation with Aviation Industry Corporation of China, Ltd. (AVIC) , has a total investment of 33.7 billion Yuan and focuses on the construction of precision manufacturing of large structural components, Aerospace Science and Technology Innovation Center, Aerospace Sharing Competence Center, a public service platform for testing and inspection, etc. The Dalian Digital Valley Park comprehensive development and construction project, implemented in cooperation with China Telecom and CREC, has a total investment of 21 billion Yuan and serves as a new infrastructure construction project for the digital transformation of traditional industries and the development of digital industries.
Several major projects with significant influence are also expected to start construction soon. For instance, the Xudapu Nuclear Power Plant units 1 and 2 project in Liaoning, implemented in collaboration with China National Nuclear Corporation (CNNC), has a total investment of 42.1 billion Yuan and will effectively alleviate the current energy supply tension when completed. The Huludao Yangnong large-scale fine chemical project, implemented in collaboration with Sinochem Group Sinochem Holdings Corporation Ltd. (Sinochem Holdings), has a total investment of about 10 billion Yuan and is expected to achieve an annual output value of about 15 billion Yuan after its completion and operation.
The fine chemical and raw material project of China North Industries Group, implemented in cooperation with China North Industries Group Corporation Limited, has a total investment of 83.7 billion Yuan and is of great significance to the construction of a world-class petrochemical and fine chemical industry base in Liaoning Province. The first phase of Liaoning Zhuanghe Nuclear Power Project, implemented in collaboration with CNNC and China Datang Corporation, has a total investment of 42 billion Yuan. The project to upgrade and renovate the relocation of Dalian Shipbuilding Industry Corporation, implemented in collaboration with China State Shipbuilding Corporation Limited, has a total investment of 20 billion Yuan, and mainly constructs three 300,000-ton dry docks, one special dock, and the matching wharves.
Moving forward, Liaoning will focus on major national strategic plans, combine them with the Three-Year Action Plan for Comprehensive Revitalization and New Breakthroughs in Liaoning, and work closely with key central state-owned enterprises to plan several strategic, general, and systematic cooperation projects to attract more central state-owned enterprises to invest and settle in Liaoning.