The economy of Dalian plays an important part in Northeast China and Northeast Asia.
The city has had a continuous double-digit increase in GDP since 1992. In 2009, the city's GDP registered a 15 percent increase, reaching RMB441.77 billion, while per capita GDP hit RMB71,833. According to a nationwide appraisal by the National Bureau of Statistics, Dalian ranks eighth among Chinese cities in terms of overall strength. The city's main industries include machine manufacturing, petrochemicals and oil refining, and electronics.
The city is also striving to build up an IT and software center. Finance and other service industries are growing as well. As of 2006, 21 foreign-funded banks and financial institutions have set up branches or agencies in the city. Dalian's Xinghai Convention and Exhibition Center has hosted over 300 events, including the Dalian Import and Export Commodities Fair and Dalian International Garment Fair.
Agriculture and aquaculture
Dalian was originally an agriculture and aquaculture-based area, which, after the opening of the ferry between Yantai and Lüshun during the early 20th century, began to be populated by the farmers and fishermen of Shandong, across the Yellow Sea. Corn, vegetables, fruit such as apples, cherries and pears are Dalian's typical agricultural products. Aquaculture is well developed in Dalian, exporting seaweed, scallops, sea urchins and others to Japan, Korea and other countries.
Heavy, light and distribution industries
Even before and during the Sino-Japanese War, the shipbuilding and locomotives industries were a thriving industry, such as the companies which later became Dalian Shipbuilding Co. and Dalian Locomotive & Rolling Stock Works (DLoco). After the War, Dalian became an important center of the heavy and light industries, including companies such as Dalian Heavy Industry Co., Dalian Chemical Group, and Wafangdian Bearing Co.; and of the distribution industry, including such as Dashang Group. Overseas retailing giants, such as Wal-Mart from the US., Carrefour from France and Metro from Germany have recently opened stores in Dalian. Mycal, the Japanese retailing chain store, was bought out by its Chinese partner, Dashang Group, and is operated as Mykal.
Dalian Port is emerging as a very important port for international trade. A new harbor for oil tankers, at the terminus of an oil pipeline from the Daqing oilfields, was completed in 1976. Dalian is the 6th largest port in China.
Accordingly, Dalian is a major center for oil refineries, diesel engineering, and chemical production. Also completed recently is a newer port on Dagushan Peninsula on the northern suburbs, specializing in import/export of mining and oil products. Together with its Dalian Railroad Station, Dalian International Airport and two major express roads to Shenyang (Shenda Expressway)-Changchun (Changda Expressway)-Harbin (Hada Expressway) in the north and to Dandong to the east, Dalian has become an important distribution center.
Industrial zones
Dalian has been given many benefits by the PRC government, including the title of "open-city" (1984), which allows it to receive considerable foreign investment (see Special Economic Zone). The Development Zone was established in Jinzhou District, to which many Japanese manufacturing companies, such as Canon, Mitsubishi Electric, Nidec, Sanyo Electric and Toshiba, followed by Korean, American and European companies (such as Pfizer). In March 2007, Intel announced plans to build a semiconductor fabrication facility (commonly known as a fab) in the Development Zone, Dalian. It is Intel's first fab to be built at an entirely new site in over 15 years. The fab at Dalian will make the chip sets that support Intel's microprocessors and is expected to begin operation in the first half of 2010. (Source: The Wall Street Journal; 26 March 2007; Page B6)
Other zones in the city include the Dalian Economic and Technological Development Zone, Dalian Export Processing Zone, Dalian Free Trade Zone, and Dalian Hi-Tech Industrial Development Zone.
Dalian Economic & Technological Development Zone was established in September 1984, as one of the first of the China National Economic and Technological Development Zones. The zone had a GDP of 70.31 billion yuan in 2007 and the total volume of import and export trade is 14.92 billion dollars, which accounts for a quarter of the whole Liaoning Province's. Most of the enterprises in Dalian ETDZ are factories foreign enterprises, especially from Japan, South Korea and USA, such as Canon, Pfizer, Toshiba and Intel.