Jinpu New Area ranks top in Dalian in six key indexes

[Photo by Piao Feng to chinadaily.com.cn]

Jinpu New Area of Dalian, a coastal city of Northeast China's Liaoning province, ranked first in terms of six economic indicators in the city in 2022.

In 2022, the actual-use of foreign investment in Jinpu New Area surged 33.95 percent to 10.34 billion yuan ($1.53 billion), accounting for 76 percent and 25 percent of the amounts of Dalian and Liaoning respectively.

The actual utilization of domestic investment in Jinpu New Area from other provincial regions was 37.89 billion yuan, a year-on-year increase of 14.7 percent, which accounted for 23.1 percent and 5.8 percent of the levels of Dalian and Liaoning respectively. Its actual utilization of domestic investment from other cities in Liaoning registered an annual growth of 20.3 percent to 10.83 billion yuan, making up 27 percent of the total of Dalian.

Key foreign-funded projects in Jinpu New Area included those by SK hynix, a semiconductor firm headquartered in the Republic of Korea (ROK), Germany's JUMO GmbH & Co KG, one of the leading global manufacturers in the sectors of industrial sensors and automation technology, and Japan's Nidec Motor Corporation, the world's largest intelligent motor manufacturer.

Main projects with domestic investment included CR Land's intelligent sci-tech industrial park, incremental investment from Liaoning Port Group, and China Catalyst Holding's hydrogen manufacturing.

In addition, the number of newly registered foreign-invested enterprises in Jinpu New Area reached 225, a year-on-year increase of 7.7 percent, accounting for 65 percent of the total amount of Dalian.

The combined import and export value of Jinpu New Area grew 0.21 percent to 233.5 billion yuan, about half of Dalian's total. The volume of its exports came in at 107.1 billion yuan, up by 17.8 percent.

Jinpu New Area's retail sales stood at 43.49 billion yuan in 2022, the highest number in Dalian.