DALIAN CHINA  DALIAN CHINA
Jinpu New Area Enjoyed Stable Development with Good Momentum in the Last Five Years
2017-12-04

Editor's note: The "Two Sessions" of Jinzhou District (Jinpu New Area) is around the corner. Being held when the New Area is striding into an era of free trade, trying to build a high standard state-level New Area with free trade zone and striving to build a modernized and international new coastal city, this "Two Sessions" is undoubtedly a very important meeting under the upsurge of earnestly studying and implementing the spirit of the 19th CPC National Congress. In order to create a public opinion atmosphere for the "Two Sessions", starting from today, the Newspaper will open a special column of "Welcome "Two Sessions" of Jinzhou District (Jinpu New Area) and Economic and Social Development Achievements" to report the Economic and Social Development Achievements of the New Area in the past five years.

2013 to 2017 is the crucial five-year period for the New Area to lay a solid foundation for its development, strengthen its overall strength and achieve leapfrog development. It is a crucial five-year period for deepening reform and opening up, accelerating the process of urbanization in the entire region and upgrading and optimizing the industrial structure. In the past five years, the former Jinzhou New Area, the bonded area and the Puwan New Area merged into one. The state-level Dalian Jinpu New Area and the Dalian Free Trade Area of China (Liaoning) Pilot Free Trade Zone boarded the historical stage, showing strong strength of great development, great opening up, great reform and great leap forward as well as strong economic potential featured with important missions, point-surface linked action and prominent characteristics.

Adhering to economic construction as the most important task is the core concept of development that has consistently been adopted by the New Area. Over the past five years, under the guidance of the new development ideas of "innovation, coordination, greenness, openness and sharing", the New Area made great efforts to attract more investments and made great efforts to promote project construction, promote industrial upgrading of economic restructuring and foster strategies emerging industries. Taking the quality and efficiency improvement of the economy as the main direction, the New Area adjusted its industrial structure, expanded its industrial clusters and improved its industrial capacity level, all of which demonstrating the New Area's firm strides toward a economically-strong district.  

Economic data clearly reflects the economic development in the New Area over the past five years. In 2013, the regional GDP was 161.68 billion Yuan (excluding the bonded area and Puwan New Area); in 2017, it is estimated that the GDP of the region will be over 210 billion Yuan. Affected by the slowdown of the real estate market and the squeezing of data, the investment in fixed assets showed a cliff-like decline of 75.7% in 2016 and the expected investment in fixed assets is more than 40 billion Yuan in 2017, which is a significant growth. The revenue from the general public budget has been kept at around 10 billion Yuan each year for five years. The total retail sales of social consumer goods increased from 34.6 billion Yuan in 2013 to 55.43 billion Yuan in 2016, maintaining double-digit growth. The actual utilization of foreign capital has steadily increased under complicated domestic and international economic situations. 75% of the industrial sector achieved growth in 2017, and seven industries increased by more than double digits. The contribution rate of industrial economy of the New Area to the whole city ranked in the front for many successive years, and the pulling effect of consumption and export has been obvious, while the export-oriented economy has become more and more prominent.

The New Area enjoyed steady improvement of its economic strength through continuous development. In the past five years, the supply structure, factor input structure and demand structure of economic growth al witnessed continual optimization and gradually shifted toward mid-to-high-end. Advantageous industrial clusters such as petrochemicals, equipment manufacturing and electronic information have risen to hundreds of billions in scale and have upgraded and expanded. Emerging industries such as new energy, energy storage equipment, cross-border e-commerce and general aviation are booming. Projects of some industry leading enterprises such as Intel Group Phase II, Pfizer Pharmaceutical Phase II, Koyo Intelligent Manufacturing Equipment Industrial Park and Basel Polyolefins projects have blossomed; they were driven by innovations and achieved remarkable results. Especially since the establishment of Dalian Free Trade Zone in the New Area, the siphon effect of the free trade zone has been significant. For the first time, the number of newly registered market entities in a year exceeded 10,000, creating a strong impetus for the regional economy. Bode Leathers and GROB machine tools etc. have set up their China Region Headquarters in the New Area. Volkswagen FAW engine and RHI have established their R&D center or global logistics center in the New Area. Xiaoyaowan International Business District was a wide flat land in the past until nearly 400 financial and pseudo-banking institutions settled in here by 2016; the New Area makes great breakthrough on headquarter economy. The modern service industry assumed accelerated development and the development standard of metropolitan modern agriculture has improved... In the past five years, the situation of which the New Area replied on the labor force and capital stock to drive economic growth has changed. The contributions rates of scientific and technological progress, the service industries and the consumer demand are increasing steadily; and its industrial competitiveness, scientific and technological strength, innovation strength and regional competitiveness have been significantly enhanced.

In the past five years, the citizens were showered with the fruits of the New Area's economic development. Taking urban per capita disposable income as an example, the figure was 28,475 Yuan in 2012 and it is expected to exceed 40,000 Yuan in 2017.

Currently, the New Area enjoys a greatly enhanced economic vitality; with its increasing economic aggregate and more solid industrial foundations, it now possesses ever-greater attractiveness toward the external investors. All in all, a New Area with stronger development strength and greater potential is coming.