A container cargo port at the China (Liaoning) Pilot Free Trade Zone in Dalian, Liaoning province. [Photo/Xinhua]

Northeastern province plans to improve business environment and develop high-tech sector to attract investors

Liaoning, a province in Northeast China known as one of the country's heavy industrial bases, will introduce more measures to improve its overall business environment and develop its high-tech sector to make it more appealing to both foreign and domestic investors.

The central government's new round of reform and opening-up offers many opportunities, with stimulus programs such as the pilot free trade zone program, the revival plan for the northeast region, and China's ongoing industrial and consumption upgrading.

The provincial government has given more administrative power to platforms such as the China (Liaoning) Pilot Free Trade Zone, Shenfu New Area, Sino-German (Shenyang) High-end Equipment Manufacturing Industrial Park and Jinpu New Area in Dalian city to improve their service ability, said Tang Yifei, deputy head of Liaoning's Provincial Development and Reform Commission.

Supported by its rich natural resources, abundant manufacturing facilities and industrial workers, Liaoning province was once a titan of heavy industry.

With the promotion of "China intelligent manufacturing" and "The Belt and Road", the global fastener market will increase substantially in the next few years, among which the Asia-pacific region will become the largest regional market. More highlights in Shanghai Fastener Expo.