Economic Performance - Fushun's GDP grew by 7.3% year-on-year in Q1, ranking first in Liaoning province and achieving the best position in 10 years [1] - From January to May, the industrial added value of Fushun increased by 11.9%, surpassing the provincial average of 8.5% [1] Project Development - The ethylene production capacity enhancement project at Fushun Petrochemical Company has 5,000 workers involved and is 25.3% complete, expected to be fully operational by 2026 [4][7] - A total of 354 projects were resumed or started from January to May, marking a 4.7% increase year-on-year [5] Industrial Upgrading - Fushun's steel industry is advancing with the establishment of 476 intelligent application systems and 1,467 monitoring points, achieving full-process digital control [6] - The high-alloy small bar production line at Fushun Special Steel Co., with an investment exceeding 500 million yuan, is set to begin trial production in 2024 [8] Innovation and Technology - Orange (Liaoning) Material Technology Co., focusing on flexible polymer solar cells, is collaborating with leading domestic manufacturers to develop a production line [9] - Fushun has 95 "Eagle" enterprises, 181 national high-tech enterprises, and 691 technology-based SMEs, indicating a robust innovation ecosystem [9] Business Environment - The propylene amide polymer project by Fushun Meirui Petrochemical Co. is nearing completion, with an expected annual revenue of 1.25 billion yuan and tax contributions of 42.15 million yuan [10] - Fushun has resolved 589 issues affecting business development through targeted measures, assisting companies with 870 million yuan in funding [10][13] Market Dynamics - Fushun has 179,655 market entities, a year-on-year increase of 3.55%, with private enterprises totaling 171,807, up 3.71% [14]

Economic Overview - Liaoning's GDP reached 15,707.9 billion yuan in the first half of the year, with a year-on-year growth of 4.7% [1] - The province's economy demonstrated resilience amid complex internal and external challenges, with coordinated efforts across primary, secondary, and tertiary industries [1][4] Industrial Performance - The industrial sector showed growth, with the added value of industrial enterprises above designated size increasing by 3.3% year-on-year, with 27 out of 40 major industrial categories reporting growth [5][11] - The shipbuilding and marine engineering sectors are experiencing significant expansion, with 170 ship orders held by a major shipyard, extending production schedules to 2029 [2] Consumer Market - Social retail sales in the province grew by 6.3%, surpassing the national average by 1.3 percentage points, marking 28 consecutive months of higher growth than the national level [3][8] - The demand for green and healthy products surged, with new energy vehicle sales increasing by 22.7% and energy-efficient appliances rising by 55.8% [3] Employment and Income - The per capita disposable income for residents reached 21,343 yuan, reflecting a 5.1% increase, with urban and rural incomes growing by 4.7% and 5.6% respectively [7][20] - The province created 281,000 new urban jobs, marking a 5.1% increase [20] Innovation and Technology - The province is focusing on technological innovation, with significant advancements in high-tech manufacturing, which now accounts for a larger share of industrial output [11][12] - New materials and technologies are being developed, such as flexible polymer solar cells, showcasing the potential for market expansion [5][11] Trade and Logistics - The port operations in Liaoning showed resilience, with cargo throughput increasing by 2.1% and container volume by 3.7% [15] - The logistics sector is recovering, with significant increases in freight turnover across various transport modes [15][16] Government Support and Policy - The provincial government is implementing supportive policies to stabilize key industries, including oil, steel, and automotive sectors [6][18] - A series of reforms aimed at improving the business environment have been introduced, enhancing the confidence of various enterprises [17][18]