DALIAN TO EXPAND FOREIGN TRADE AS IT EYES 1 TRILLION-YUAN MILESTONE

Port city aims to further boost GDP, advance consumption

Dalian is looking to expand its foreign trade with a focus on neighboring international markets as it sprints toward becoming a city with a trillion-yuan ($139.7 billion) annual gross domestic product.

The coastal port city, in Liaoning province, has long been a vital economic center in Northeast China, and last year, its GDP reached 951.69 billion yuan.

Located at the northern side of the Bohai Strait, Dalian plans to cultivate new foreign trade opportunities by strengthening cooperation with nearby Japan and South Korea, and economies involved in the Belt and Road Initiative, said Li Hanguo, head of the Dalian Municipal Bureau of Commerce.