Liaoning moves to boost foreign trade, draw investment

Liaoning province is pursuing new business models and initiatives to boost foreign trade and attract investment as it builds a more open and interconnected economy, a senior official said.

Liaoning's total import and export volume reached 763.05 billion yuan ($105.2 billion) in 2023, while actual foreign investment amounted to 21.86 billion yuan, said Pan Shuang, a deputy to the 14th National People's Congress and director of the province's department of commerce.

"The keyword for Liaoning's foreign trade and investment efforts in 2024 is 'exploration'," Pan said, noting that the province has launched "zero-to-one" initiatives to help industrial enterprises, high-tech firms, small and medium-sized businesses, and cross-border operators expand into foreign trade, online marketing and emerging markets.