Facility for producing chips for intel.

   

   

A new district in the city of Dalian, Liaoning province is looking for more investors who are interested in sharing the incredible growth in one of Northeast China's most promising economies, its Party secretary said.

Xu Changyuan, Party secretary.

The Dalian Jinzhou New District was established in April 2010, with its main body as the first national economic and technology development zone.

The new district has four parts: the former Jinzhou, the Jinshitan National Holiday Resort, Dalian Export Processing Zone, and the Dalian Development Area, explained Xu Changyuan, the Party secretary and head of district administration.

Jinzhou covers a 1,040-square-kilometer area and has a population of more than a million and sits to the northeast of Dalian. It is nestled between the Bohai and Huanghai seas, and is part of the Bohai Economic Rim and the Northeast Asia Economic Circle. It is also a "gateway on the sea" that connects the Northeast with the world, and a major industrial zone on Liaoning's coast.

It has good transportation, with the Shenyang-Dalian Expressway, Harbin-Dalian Railway, Dandong-Dalian Expressway, National Highway No. 201, National Highway No. 202, and the urban express railway. The Binhai Road runs along the coast.

The district's deep-water ports handle grain, oil, ore, and automobiles, and Jinzhou Bay, slightly to the west, is expected to get the city's second airport.

The district has 3,500 foreign and 15,000 Chinese investors and has the largest export volume in the Northeast, with its exports reaching more than 100 countries.

It also has plenty of resources, with 12 universities and colleges, with post-doctoral facilities and research centers, 18 vocational schools, and 34 training centers.

Over the next five to 10 years, it is expected to contribute half of Dalian's GDP, and to be Liaoning's third largest economy.

IT and outsourcing office.

It gets more than 90 percent of its industrial output from three industries - IT, high-level manufacturing, and petrochemicals.

It also has many companies in emerging and strategic areas, such as semiconductor chips, biomedicine, automobiles, green technology, and aviation.

The biomedical companies' output is worth more that 10 billion yuan ($1.6 billion) annually.

In the first half of 2011, the district had 21.82 billion yuan in value added output large companies.

One company, Intel Semiconductor (Dalian) Ltd, has put $2.5 billion into the first phase of its project and contributed eight percentage points to the district's GDP in first half of the year.

Jinzhou has 69 of the Fortune Global 500 companies doing business there, with an average investment of $70 million.

It now designs on becoming Liaoning's major economic force through modern industrial integration. Meanwhile, the city government wants to turn it into a high-tech, high-level, strategic manufacturing and top service industry base.

The government also plans to turn it into a complete town that is not only on the cutting edge of technological innovation, but also a livable, tourist-attracting place.

The development map calls for the district to have a GDP of 280 billion yuan by 2015, with an annual increase of 17 percent.

Fixed investment is expected to reach 300 billion yuan, with an annual increase of 20 percent. The gross industrial output of large enterprises is expected to reach 500 billion yuan, with an annual increase of 19 percent.