Qiao Jun, an official with the provincial government, believes major new projects in the real economy will drive up growth in 2017.
The environmental protection law enacted last year toughened scrutiny on polluters and 11,000 companies in Liaoning were forced to suspend operations in 2016. "By the year end, over 8,000 projects had resumed operations after environmental evaluation and approval," said Qiao.
These projects represent a total annual output of over 260 billion yuan.
Major projects at a total cost of 670 billion yuan are planned for this year, including a BMW Brilliance assembly line and a high-speed rail link between Beijing and provincial capital Shenyang.
"A total of 830 industrial projects costing of over 50 million yuan have been settled in the province," Qiao said.
Zhou Jianping, from the National Development and Reform Commission, said central government policy put in place last year will help Liaoning bottom out.
Revitalizing the region has been among the top agendas for the central government, which rolled out a series of measures last year.
In November, the government issued a plan to rejuvenate the northeast featuring industrial investment funds, a three-year plan to cultivate emerging sectors and fiscal support.
In December the banking regulator approved five new private banks, two of which will be headquartered in the northeastern region. The Liaoning free trade zone, approved last year, is under construction.
【国内英语资讯: Xinhua Insight: Chinas rustbelt shows signs of economic recovery】相关文章:
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