On October 23, 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 three quarters (Q1-Q3) of 2023, presenting an overview of Liaoning’s dedicated efforts in promoting investment, prioritizing major projects, and actively expanding effective investment.

In the first three quarters, fixed asset investment in Liaoning increased by 3.9% year-on-year, surpassing the national average of 3.1% by 0.8 percentage points and the Northeast region’s -2.7% by 6.6 percentage points, ranking 15th nationwide. Investment growth in the manufacturing sector exceeded the provincial average by 13.4%, with remarkably robust expansion in high-tech industries at 45.2% above the average. Additionally, infrastructure investment outstripped the provincial average by 11.2%.

Eight cities in Liaoning have witnessed fixed asset investment growth surpassing the national average. Among them, Anshan (13.8%), Dandong (13.5%), Fushun (12.7%), and Huludao (11.8%) achieved faster growth, exceeding the expected targets. Yinkou (9%), Jinzhou (7.6%), Chaoyang (6.2%), and Benxi (5.8%) attained steady growth above the provincial average.

Infrastructure investment has experienced a year-on-year growth of 15.1% in the first three quarters, accounting for 31.1% of the total provincial investment. This 3-percentage-point increase has effectively propelled a 4.3-percentage-point growth in Liaoning’s overall investment. Meanwhile, as the digital transformation of the economy continues apace, new infrastructures have maintained rapid growth. For instance, in the first half of 2023, Liaoning established over 18,000 new 5G base stations, while investments in new infrastructures supporting telecommunications, broadcasting, television, and satellite transmission services have grown by 14.5%.

Investment in new growth drivers has accumulated rapidly. High-tech industry investment has climbed 49.1% year-on-year, including 52.8% growth in high-tech services, reflecting rising enterprise demand for technical services, as well as a 46.2% increase in high-tech manufacturing, playing a vital role in industrial structural upgrading.

The total number of construction projects in Liaoning has reached 12,539, showing an increase of 9.1% in quantity and 20.6% in investment value. Furthermore, 4,442 new construction projects have been initiated, with 14.1% investment growth, indicating significantly accelerated implementation of both new and large-scale projects. Over 89% of Liaoning’s 15 major projects and 300 key projects have broken ground, accounting for 23.6% of the total provincial investment. This demonstrates the significant driving force of major projects on investment.