On October 22, 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 of 2024, presenting the overall situation, major achievements, and highlights of the province’s efforts to expand effective investment.

In the first three quarters this year, investment in fixed assets across the province grew by 4.8% year-on-year, which was 2.3 percentage points faster than the first half of the year and 1.4 percentage points faster than the national average of 3.4%, ranking 11th nationwide. Of this total, the growth rates of industrial investment and infrastructure investment were 4.1 percentage points and 12.4 percentage points higher than that of overall investment, respectively. An increasingly optimized investment structure allowed industrial investment and infrastructure investment to take up more, together contributing 8.8 percentage points to the investment growth of Liaoning. Industrial investment increased by 8.9% year-on-year, accounting for 40%, up 1.5 percentage points from the same period last year. Moreover, the province moved faster to foster its new quality productive forces, and investment in high-tech services thus grew by 12.6%. As the province continued to increase the investment in fields concerning people’s wellbeing, its consumer market saw booming demands, with investment in wholesale and retail trade up by 74.6% and that in accommodation and restaurants up by 110%.

In this period, the province accelerated project construction, which acted as an increasingly prominent supporting role. The number of projects the province prepared exceeded 16,000, with total investment nearing nine trillion yuan. The number of construction projects totaled 12,365, with investment up by 11.7% year-on-year.

Next, Liaoning will stabilize its prepared projects, increase more projects, and seize the last step for project construction in the upcoming fourth quarter. It will ensure construction conditions on all fronts,  including human resources, logistics, water and electricity to accelerate the construction. The province will strive for more effective investment, and spare no efforts to accomplish investment goals and targets of this year.