On October 24, the Information Office of Liaoning Provincial People’s Government held the fourth press conference of the series on the economic performance of Liaoning in the first three quarters of 2024, presenting the province’s efforts to stimulate consumer spending, stabilize foreign trade, and attract more investment in this period.

In the first three quarters, the total retail sales of consumer goods across the province stood at 795.21 billion yuan, up by 4.2% year-on-year, 0.9 percentage points higher than the national average of 3.3%, whose growth rate surpassed the national average for 18 consecutive months.

In this period, the total foreign trade value across the province reached 573.57 billion yuan, with its scale ranking 11th nationwide, one place higher than that of the end of last year. Notably, exports saw a year-on-year increase of 3.0% to 275.39 billion yuan.

In the first three quarters this year, Liaoning launched more than 4,000 activities to promote consumption, involving more than 30,000 enterprises and hosting about 70 million people. The province held the first Russian Food Culture Festival where more than 100 kinds of Russian products were released and letters of intent of more than one billion yuan were signed.

To expand international markets, Liaoning conducted the “One Thousand Enterprises Expand Markets in One Hundred Groups” campaign. It organized more than 2,600 enterprises to attend more than 130 international exhibitions both at home and abroad, with deals of intended purchases of more than 28 billion yuan signed.

Moreover, Liaoning fostered new drivers for its foreign trade, encouraging 162 enterprises to engage in imports and exports and driving foreign trade value to surpass six billion yuan. The province carried out a series of activities to help local industries go global through cross-border e-commerce, facilitating deep cooperation between key provincial industrial clusters and well-known cross-border e-commerce platforms and international logistics companies such as Alibaba, Pinduoduo, and China Post.