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Foxconn, a global leader in industrial fluid control equipment, has recently chosen Dalian as its top choice for investment planning within China. Meanwhile, Flowserve, a century-old American company renowned for its advanced pump and valve technologies, has signed a letter of intent to acquire the Dalian Huaneng Acid Pump Plant. Clint Lulu, a representative from Flowserve, emphasized that the company will increase its capital and technological investments to position Dalian as a key overseas production base.
The revitalization strategy for the old industrial base in Liaoning has attracted significant foreign interest. The State Council’s No. 36 Document, issued in 2005, provided a strong policy framework to promote foreign investment and industrial upgrading. Experts believe this document offers a rare opportunity to enhance the competitiveness of Liaoning's industries by focusing on technological innovation and attracting foreign capital.
Liaoning’s key industries now face new strategic choices. Strengthening their technological capabilities and independent innovation is essential to accelerate the region’s revitalization. Document No. 36 emphasizes the importance of leveraging existing strengths, promoting technological progress, and improving industrial quality through foreign investment and technology transfer.
Professor Lin Haibin highlighted that Liaoning’s comparative advantage lies in its traditional industries, which are central to the province’s economic structure. These sectors require modernization using advanced technologies to boost efficiency, innovation, and international competitiveness.
Experts also stressed the need to focus on "key" industries and enterprises when attracting foreign investment. Equipment manufacturing, in particular, is seen as a priority area where foreign collaboration can significantly enhance technological capabilities.
With a global wave of industrial relocation, Liaoning is well-positioned to attract foreign investment in key sectors such as equipment manufacturing and petrochemicals. The province’s strong industrial base and strategic policies have already led to increased foreign capital inflows.
Recent data shows a substantial rise in foreign direct investment, with projects in equipment manufacturing and raw materials seeing notable growth. Companies like Dalian Ocean Shipping Co., Ltd. are investing heavily, signaling confidence in the region’s potential.
Liaoning’s preferential policies, including tax benefits and streamlined procedures, have further boosted investor interest. The province is actively working to expand its industrial clusters and improve its competitive edge through joint ventures and technology absorption.
As the province continues to implement these strategies, it is clear that foreign investment and technological advancement will play a crucial role in shaping the future of Liaoning’s industries.