20 major projects signed in Dalian area of NE.China's Liaoning FTZ

A worker arranges boxes of imported frozen meat at a cold storage at Dalianport in Dalian, northeast China's Liaoning Province, April 8, 2020. (Xinhua/Yao Jianfeng)

20 major projects involving a total investment of 12.6 billion yuan were signed to be constructed in the Dalian area of northeast China's Liaoning Pilot Free Trade Zone (FTZ), reported Liaoning Daily Wednesday.

As the end of July this year, the Dalian area has witnessed the signing of 34 key projects with a total investment of 16.5 billion yuan, while a total of 57 projects are under construction in the area, with a total investment of 15.8 billion yuan.

The Dalian area released plans for the construction of an industrial innovation zone recently, including 15 key policies for cultivating innovation and entrepreneurial enterprises, aiming to promote the industrialization of innovative achievements in the area and strengthen its expertise in the fields of new energy, life and health, digital information, and advanced equipment manufacturing.

Thanks to the complete industrial supporting facilities and optimized business environment in the area, some leading Chinese companies such as China Resources Group and Sinopec have built major projects here.

It is noted that in the past month, the Dalian area has witnessed the signing of 32 key projects, involving a total investment of nearly 20 billion yuan, which further reflects the investment promotion achievements of the Dalian area in terms of industrial innovation.

In addition to industrial projects, financial cooperation projects have also made substantial progress in the Dalian area. For example, the Dalian Branch of China Construction Bank (CCB) handled a credit grant worth 10 billion yuan in the area, aiming to support an innovative special zone in the area through innovative financing.