Yingkou in Northeast China's Liaoning Province will significantly benefit from the "Five Points and One Line" strategy.

One of the largest investment projects under the strategy has recently been launched by MCC Jingcheng (Yingkou) Machinery Equipment Technology Co Ltd, involving a total capital injection of 9.97 billion yuan.

Shi She, the president of the company, said: "The project combines advanced independent research and development, along with experiment and production, representing the highest technological level in the nation and top technological level in the world."

The first phase of the project is expected to go into production by the end of this year, he added.

The Yingkou municipal government attaches great importance to the large project.

Cheng Yajun, Party secretary of the city, said: "If any difficulties arise in the production, the city will coordinate with relevant government departments to help solve them, paving a smooth path for the development of the project."

Apart from this large investment project, Yingkou is also expected to reap benefits from further development of its port, in line with the "Five Points and One Line" strategy.

With increasing capital injection and flourishing trade driven by the strategy, the handling capacity of Yingkou Port is expected to reach 100 million tons annually by the end of this year.

Gao Baoyu, president of the Yingkou Port Group, said the port handles 60 percent of the cargo transportation for cities in the middle areas in Liaoning and 70 percent of container business there at present.

Along with the booming investment projects in the province under the "Five Points and One Line" strategy, Yingkou Port is set to scale historic new heights this year.

Yingkou Port now has been ranked as one of the top 10 ports list released by the Dalian Marine University, a premier marine and shipping research institute in China, which also emphasizes its strong development potential.

Zhu Yili, director of the Development and Reform Commission of Yingkou, said: "The city has mapped out a strategy to revitalize itself by port economy."

During the 10th Five-year Plan period (2001-05), the handling capacity of the port rose by 27.72 percent annually.

Of this, the annual container handling capacity jumped by 38.15 percent.

To meet the demand of rapid investment boost under the "Five Points and One Line" strategy, the city plans to direct a combined investment of 15 billion yuan to the development of Yingkou Port.

Of this, 35 percent will come from the enterprises independently, while 65 percent will be provided by bank loans.