Shenyang's Economic and Social Achievements in 2019

The third session of the 16th People's Congress of Shenyang was held on Jan 5 -- gathering deputies who examined the capital city of northeastern Liaoning province's economic and social development during 2019 and approved plans for the current year.


Stable economic operations

Stable economic operations

In 2019, Shenyang's GDP grew by about 5 percent on the previous year, steadily increasing for eight consecutive quarters.

Investment in fixed assets in Shenyang increased by 11 percent year-on-year and total retail sales increased by 10 percent.

In addition, total imports and exports increased by 7.2 percent against the previous year and the general public budget revenue increased by 1.3 percent.


Optimization of industrial structure

The output value of the high-end equipment manufacturing industry in Shenyang accounted for 24.8 percent of the total for the entire equipment manufacturing industry.

The output value of strategic emerging industries accounted for 25 percent of the total of industrial enterprises above a designated size – meaning companies with annual revenue of 20 million yuan ($390,000) or more.

The output value of high-tech products accounted for more than 55 percent of the total for large-scale industries.

The added value of modern services industries accounted for 54.5 percent of the total of the services industries sector.


 Optimization of industrial structure

Development vitality continues to increase

Development vitality continues to increase

In 2019, foreign investment in Shenyang increased 15 percent; the introduction of domestic capital increased by 21.8 percent; private investment increased by 16 percent and the number of real market entities increased by 10.3 percent.


Increasing city influence

The first Industrial Internet Global Summit was held in Shenyang on Oct 18-20.

The passenger throughput at Shenyang Taoxian International Airport in 2019 exceeded 20 million last year and the city hosted more than 90 million tourists.

On the diplomatic front, the Australian Consulate General in Shenyang opened on April 24.

Meanwhile, the number of international sister cities and friendly cooperative relations cities with Shenyang reached 98.


Increasing city influence

Local living standards improve steadily

Local living standards improve steadily

The per capita disposable income of urban and rural residents in Shenyang increased by 7 percent and 7.5 percent, respectively, last year.

Officials said the urban registered unemployment rate in 2019 was 0.66 percentage points below the target.


Continue to improve business environment

Continue to improve business environment

The Shenyang government launched 85 policies targeted at streamlining business procedures.

An integrated government services platform was launched.

The time it takes to secure approval for engineering construction projects was reduced by one third.

Real estate registration is now completed within five working days.


Fully implemented tax, fee reduction policies

The tax reduction in Shenyang in 2019 was 16.77 billion yuan.

Social security payments were reduced by 5.22 billion yuan in total.

General industry and commercial electricity prices, water engineering design fees and supervision fees were reduced by more than 10 percent.

A comprehensive financial services platform and a corporate credit platform was launched.


Fully implemented tax, fee reduction policies

Accelerated transformation, upgrade of manufacturing industry

Accelerated transformation, upgrade of manufacturing industry

Emerging industries in Shenyang continued to grow in 2019. The output value of robotics, new materials, aviation, biomedicines and the new energy vehicle industries was increased by 9.5 percent, 10 percent, 10.5 percent, 16 percent and 50 percent, respectively.

In research and development, a wide range of projects for large-scale equipment and devices achieved breakthroughs. They included unmanned wide-body minecarts and transonic wind tunnel main compressors.


Deepening investment, finance mechanism reforms

The number of city-level government investment-guidance special funds reached 31 and the number of private equity fund management institutions grew to 83.

Listed companies in the Liaoning Equity Exchange Center reached 1,300.


Deepening investment, finance mechanism reforms

Social, economic development goals for 2020

Social, economic development goals for 2020

Regional GDP to increase by about 6 percent

General public budget revenue to rise by 2 percent

Fixed asset investment to increase by 10 percent

Total retail sales of consumer goods to be up 7 percent

Registered urban unemployment rate to be controlled within 3.6 percent

Energy consumption per unit of GDP to drop by about 3 percent  


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