On July 22, the Information Office of Liaoning Provincial People’s Government held the third 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 promote stable growth of the industrial economy and facilitate the adjustment of industrial structure in H1 2023.
So far this year, Liaoning’s diligent efforts to expedite the high-quality development of industry have paid off, manifested in the surpassing of national average benchmarks for key indicators, including industrial value-added, industrial investment, and the value-added of high-tech manufacturing. In H1 2023, Liaoning’s industrial value-added increased by 5.3% year on year among enterprises above the designated size, exceeding the national average by 1.5 percentage points. This robust performance has consistently remained elevated above the national average level since the beginning of this year.
In terms of regional performance, 11 out of all 14 cities in Liaoning have achieved positive growth, with 10 cities exceeding the national growth rate and 7 cities surpassing the average growth rate of the province. In particular, Shenyang and Dalian have emerged as significant contributors to the overall economic development, securing double-digit growth rates.
Regarding industry performance, Liaoning’s equipment manufacturing industry has grown impressively by 12.6%, with the automobile manufacturing industry showing a remarkable surge of 21.4% year on year, surpassing the national average by 8.3 percentage points. In the same period, Liaoning has produced a total of 450,000 vehicles, up 41.3% year on year, which is 35.2 percentage points higher than the national average. The petrochemical industry has also increased by 3.0%, with a cumulative crude oil processing volume of 48.744 million tons, marking a year-on-year growth of 1.3%. Moreover, the metallurgical industry has posted a 5.7% increase, with crude steel output reaching 38.528 million tons, up 3.0% year on year, and steel output reaching 39.996 million tons, up 3.1% year on year.
Key enterprises such as BMW Brilliance Automotive, Intel, and SANY Heavy Industry have all experienced significant increases in their output values, with year-on-year growth rates of 24.3%, 134.3%, and 18.7%, respectively. Additionally, there has been an increase in the cumulative crude steel output of Ansteel Group and Bensteel Group by 2.4% and 4.0%, respectively. China National Petroleum Corporation’s crude oil processing volume in the seven refineries located in Liaoning has seen a 4.1% year-on-year growth. Furthermore, the production value of Pfizer has shown a remarkable surge of 52.2% year on year, while that of Kerry (Yingkou) Oils & Grains has achieved a growth rate of 15.1% year on year.
In a bid to further promote industrial restructuring, optimization, and upgrading, Liaoning has made concerted efforts to develop advanced manufacturing industry clusters. Currently, Liaoning boasts 22 key industrial clusters, comprising over 3,400 industrial enterprises above the designated size, 277 national-level specialized and sophisticated “little giant” enterprises, and 23 manufacturing industry champions. There are also 208 companies with revenue exceeding 1 billion yuan, 56 listed firms, and 143 projects with investment exceeding 1 billion yuan. In H1 2023, Liaoning has fostered 2,432 innovative small and medium-sized enterprises (SMEs), 560 specialized and sophisticated SMEs, and 41 national-level specialized and sophisticated “little giant” enterprises. In particular, two such “little giant” enterprises, Liaoning Donghe New Materials and Dalian Hellon Piston, have successfully completed their initial public offerings.
