Dalian accentuates key coastal industrial parks

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.

Dalian started construction on 100 projects on Feb 29, 2012, with a total investment of 251.9 billion yuan ($40.35 billion). Most of them were in the 19 coastal industrial parks, which had nearly 221.7 billion yuan in backing, making them an ideal place for big projects.

For example, the Changxing Island Harbor Industrial Zone had 26 projects with more than 66.7 billion yuan in backing, while the Jinzhou New Area had nine ones, in everything from tourism to grinding machine, with 60.8 billion yuan in investment.

The Bonded Area, which is in auto production, has attracted 16 projects, with investment amounting to 9.1 billion yuan, while the Hi-Tech Area will focus on four projects in software parks, with 13.8 billion yuan.

Eleven projects are planned for the Puwan New Area, with a total investment of 10.4 billion yuan,

The Huan Yuankou Economic Area, which mainly develops new energy and steel projects, has an investment of more than 2 billion yuan.

Over at the Zhuanghe Cyclic Economy, Emerging and Marine Economic Industrial park, there are 13 projects, including its second metal processing project and the processing project of recycled aluminum.

The Lvshun Green Economic Area, with an investment of 25.86 billion yuan, is concentrating on green, low carbon projects, while the Marian Ecological Economic Zone, on the Changshan Islands, has three projects backed by 2.93 billion yuan.

These new projects are all large in scale with a good industrial structure, distribution system, and urban orientation. Dalian's 19 coastal industrial parks attracted 4,510 projects, with 407.13 billion yuan in backing, in 2011; 98 of them were foreign backed, with $10 million worth of investment each.

The 19 coastal parks have achieved a regional GDP of 442.7 billion yuan, accounting for 72.6 percent of Dalian's total output. They also had 384.16 billion yuan in fixed investment, accounting for 68.1 percent of Dalian's total and $8.8 billion worth of foreign capital, or 80 percent of total foreign capital in Dalian.

Development work on Dalian's projects is moving forward steadily. In the direction of a low-carbon and high-end economy, the industrial development of the coastal economic belt is on the path to building a competitive, modern industrial site.