The city of Dalian, Liaoning province, in China's Northeast, has been developing and upgrading its coastal economic belt and industrial parks to provide a new growth point, the Dalian Daily has reported.
When the development of Liaoning province's coastal economic belt was being promoted as a national strategy, the coastal city of Dalian decided to take advantage of it to boost construction work on its own 19 key industrial parks, the Dalian Daily reported March 22.
Hengli Petrochemical Industrial Park, which mainly produces purified terephthalic acid, began operations on Wednesday in Dalian, Northeast China’s Liaoning province.
The Dalian Lushun Economic Development Zone was established in June 1992 and promoted to a provincial-level Economic Development Zone in January 2002.
On July 1, a State Council meeting, presided over by Premier Wen Jiabao, approved the development plan of the coastal economic belt in Liaoning province. This economic belt includes Dalian, Dandong, Jinzhou, Yingkou, Panjin and Huludao, six cities situated along the coast of Liaoning province.
Authorities of the Dalian Economic and Technological Development Zone plan to attract more world-class projects by 2012 while building three industrial clusters with industrial output of 100 billion yuan each, according to Zhang Shikun, director of the zone's administrative committee.
Liaoning's coastal economic belt strategy was approved by the State Council on July 1, readying the largely undeveloped region for rapid development.