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Dalian to lure big investments

By Zhang Xiaomin (chinadaily.com.cn)
Updated: 2011-02-28 17:01

Dalian aims to attract more projects with big amount of investment in 2011, according to a conference on the city’s foreign trade and economic cooperation on Feb 25.

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"The theme of our opening-up work in 2011 is 'Year of big projects'. We will invite more Fortune 500 companies and global top 100 companies of various industries," said Liu Dechun, director of the Dalian Foreign Trade and Economic Cooperation Bureau.

The city plans to lure 10 projects with an investment of over $100 million and 30 projects of more than $50 million in this year.

Foreign companies are encouraged to invest into the fields such as high-end manufacturing, hi-tech industry, modern service sector, and new energy, energy-saving and environmentally friendly industries.

Investment into sectors relevant to heavy energy consumption, heavy pollution and resource industries are restricted.

The city utilized $10.03 billion foreign capital last year, ranking third among the domestic cities.