On July 21, the Information Office of Liaoning Provincial People’s Government held the second press conference of the series on the economic performance of Liaoning in the first half (H1) of 2023, introducing the province’s dedicated efforts to boost investment, and prioritize major projects in H1 2023.

Throughout H1 2023, fixed-asset investment in Liaoning has increased by 5% year-on-year, a growth rate of 1.2 percentage points higher than the national average of 3.8%, and 2.8 percentage points higher than Northeast China’s average of 2.2%, ranking 13th in China. The investment growth rate in the manufacturing industry was 3.2 percentage points higher than the provincial average, with particularly remarkable growth in high-tech industries, which grew by 52.9 percentage points higher than the provincial average, and infrastructure investment was 14.7 percentage points higher than the provincial average.

Eleven cities in Liaoning have outpaced the national average in fixed-asset investment growth. Among them, Anshan (19.2%), Fushun (22.3%), and Dandong (23.7%) had the most rapid growth rates, leading the province in investment growth; Benxi (11.7%), Tieling (11%), and Huludao (11.2%) achieved double-digit growth, exceeding expected targets; Shenyang (4.1%), Jinzhou (6.8%), and Yingkou (9.8%) had a large scale of investment and a fast growth rate, playing a significant role in supporting Liaoning’s economic growth.

In H1 2023, investment in the manufacturing industry has increased by 8.2% year-on-year, accounting for 21.4% of the total investment, an increase of 0.6 percentage points from the previous year, driving the overall investment growth by 1.7 percentage points. Among them, the chemical raw materials and chemical products manufacturing industry, and the intercomputer communication and other electronic equipment manufacturing industry grew by 30.7% and 108.1%, respectively, ranking first and second in terms of proportion.

Investment in new growth drivers has accelerated in Liaoning in H1 2023. Specifically, investment in high-tech industries saw a year-on-year increase of 57.9%, while investment in high-tech services increased by 87.4% year-on-year, reflecting a growing demand for enterprise technology services. Investment in high-tech manufacturing also increased by 37% year-on-year, playing a significant role in upgrading Liaoning’s industrial structure.

The number of construction projects in Liaoning has reached 10,540 in H1 2023, an increase of 11.9% from the previous year, with investment increasing by 19.6%. The number of newly started construction projects has reached 2,563, with investment increasing by 13.9%, and the progress of new and major projects has been significantly accelerated. Among them, there were 3,681 construction projects with an investment of over one hundred million yuan, an increase of 15.2% in number, and a year-on-year increase of 26.6% in completed investment, accounting for 58.1% of the total investment in Liaoning. The contribution rate to Liaoning’s investment growth is as high as 243.4%, driving investment growth by 12.9 percentage points.