Shenyang holds the view that the key to strengthening its real economy is to focus on equipment manufacturing, especially the high-end equipment sector. Since 2016, Shenyang has actively reduced the costs incurred by its companies and has advanced the structural adjustment and upgrading of the industry. At present, the output value of Shenyang's equipment manufacturing industry accounts for 65 percent of the total value of industrial output in the city. The city's China-Germany Equipment Manufacturing Industrial Park has contributed a great deal to this industry.