Song Yanlin, Director General of Department of Commerce of Liaoning Province said Liaoning is bound to play the leading role during the course of opening up in Northeast China.
First, Liaoning is well positioned for its geographical location. To its east is Japan and South Korea and, to its west lies DPRK. Liaoning faces the Bohai Sea and Huanghai Sea in the south and is next to Russia in the north. Among the six countries in Northeast Asia, with China included, four of them rank in the top 11 list in terms of national GDP, which has contributed to its pivotal position in the Northeast Asian economic circle.
Second, Liaoning is strong in its economic scale. The three northeastern provinces and the eastern part of Inner Mongolia Autonomous Region are the main economic platform opening up to Northeastern Asia, where Liaoning, one of the three provinces has the largest economic aggregate, which is basically the total of Heilongjiang and Jilin. The relative strong economic base has put Liaoning in such a position to play a crucial and leading role in expanding the cooperation with Northeastern Asia.
Third, Liaoning enjoys a good foundation of opening up. Being the eldest son of the People’s Republic of China and with a solid industrial base, Liaoning has a complete category of industries. Due to its complementary economy and convenient transportation such as land, sea and air to many countries in Northeastern Asia, Liaoning is well founded to expand its foreign trade and cooperation.
At present, Liaoning Province has established a complete strategy to lead the overall revitalization not only through comprehensive opening and promoting high-quality development, but also through a high level of openness. First, to strengthen the top-down design. At the provincial opening up conference, 9 important documents to promote the opening up were issued to form a set of punches of policy combination, establishing a complete policy support system. Second, to strengthen the platform construction. On the basis of comprehensively promoting the building of the “Belt and Road” pilot zone of Liaoning, Liaoning also established “17+1” economic and trade cooperation demonstration zone between China and mid-east Europe, Northeast Asia Economic and Trade Cooperation Pioneer Zone, China (Liaoning) Pilot Free Trade Zone, as well as other important opening up platforms such as Dalian, Shenyang Cross Border E-commerce Integrated Demonstration Zone, so as to provide a solid support for the expansion of opening up. Third, to attract investment. Giving priority to attracting investment, Liaoning province insists on going out and inviting in, and adheres to the combination of green investment and creative transformation, vigorously improving the business and investment environment. There have been a number of landmark projects launched in Liaoning including Intel chip phase II, BMW Plant 3, Orix Japan, Renault French, Saudi Aramco refining, and Hengli Petrochemical, and besides, a batch of top 500 enterprises such as Xinhua, Huawei, Tencent, Jingdong, Everbright, Evergrande, and China Resources have signed a strategic cooperation with Liaoning provincial government, forming a trend of investment that once again favors Liaoning.