Facing great opportunities in vitalization, Liaoning has prioritized an open economy and is playing an active role in the construction of the Belt and Road Initiative. Pillar industries like equipment manufacturing, agricultural product processing and metallurgy have added impetus to the province.
Liaoning is blessed with abundant mineral reserves and its metallurgical industry is one of its major driving forces supporting economic growth. In 2017, added value in metallurgical industry accounted for 14.2 percent of the total value, up 5.9 percent over the previous year. The province has made great strides in the upgrading and transformation of the sector and measures have been taken to cut excess capacity, improve utilization of the facilities, bolster innovation and accelerate energy conservation.