On February 6, the Information Office of Liaoning Provincial People’s Government held the first press conference of the series on the economic performance of Liaoning in 2024 and the key arrangements for 2025, presenting the overall situation, major achievements, highlights, and features of the province’s efforts to expand effective investment in 2024 and outlining its primary plans for 2025.

In 2024, Liaoning’s investment performance remained stable with steady growth. The province’s fixed asset investment increased by 5.3% year-on-year, 2.1 percentage points higher than the national average, ranking 10th nationwide, which represented its best performance in the past decade. Manufacturing investment grew by 14.4% year-on-year, outpacing overall investment growth by 9.1 percentage points and contributing 3.3 percentage points to the province’s total investment growth. Meanwhile, infrastructure investment increased by 14.5% year-on-year, exceeding overall investment growth by 9.2 percentage points and driving the province’s total investment growth by 4.7 percentage points.

In 2024, Liaoning intensified the implementation of its provincial-level promotion mechanism for major projects, continuously strengthening the coordinated operation of the three-tier project system, namely, the reserve project database, the construction project database, and the key project database. Focusing on 15 major engineering initiatives in key fields, the province made every effort to enhance project planning and reserves, expanding scale, optimizing structure, and improving quality. By 2024, over 19,000 projects were included in the reserve project database, with a total planned investment exceeding 9 trillion yuan. The province had more than 14,000 construction projects underway, with completed investment increasing by 12.8% year-on-year, providing strong support for stable investment growth. Notably, investment in construction projects valued at over 100 million yuan grew by 18.2%, while investment in projects exceeding 1 billion yuan surged by 34.9%.

In 2025, Liaoning will strive to achieve an 8% growth in fixed asset investment by vigorously expanding effective investment and enhancing investment efficiency. Seizing opportunities from constructing major engineering initiatives in key fields, the province will continue implementing 15 major engineering initiatives and ensure the availability of essential resources, including funding, land, and energy consumption quotas, to facilitate the successful initiation and implementation of more projects.