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 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 since 1992 The facility began operation in October 2010.
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.
Financial and IT industry
Dalian is the financial center of Northeast China. There are the Dalian branches of China's five major banks: Bank of China, Industrial & Commercial Bank of China, China Construction Bank, Bank of Communications, and Agricultural Bank of China. Dalian Commercial Bank is now called Bank of China, which among other things handles processing of the Dalian Mingzhu IC Card for public transportation.Bank of Dalian opened three branches in Shenyang, Chengdu and Yingkou.
Dalian Commodity Exchange is the only one of its kind in China, expanding the
