|Liaoning Business Information|
|GDP (USD)||260 B|
|USD:RMB Exchange Rate||1:6.5|
|Average Mfg Employee Wage (per month)||2,559 RMB|
|Average Industrial Facility Cost (per month)||22.8 RMB/m2|
|Access to Logistics||Very Good|
Liaoning’s economy is predominantly focused in the heavy industry sector. Its geographic position, surrounding half of the shipping intensive Bohai Bay and its wealth of natural resources (iron ore and coal), make it a key location for heavy manufacturing and value-added industries such as equipment manufacturing, metallurgy, and petrochemicals. Liaoning is a major producer in steel iron and metal cutting tools which puts it into the top three provinces for metal production. Liaoning’s capital, Shenyang, has large steel, automotive, and aerospace operations, while its other economic center, Dalian, specializes in electronics, logistics, and shipbuilding. More than 40 Fortune 500 companies including BMW, Mitsubishi, and Toshiba, have invested in Liaoning.
|Major Cities in Liaoning||Liaoning’s Main Industries|
In 2008, it generated USD 158 billion in GDP and utilized USD 12 billion in FDI. In 2009, its GDP grew to USD 260 billion and a FDI of USD 15.44, more than any other province in northeastern China. Liaoning has over 30 development zones and other economically incentivized areas, including a Free Trade Zone in the port city of Dalian (the third busiest port in the world). In addition, Liaoning’s workforce is fed by 80 universities, enrolling over 720,000 students annually
Liaoning and its major cities are attractive to many foreign investors. Please click here for more information on
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