A Northeastern coastal province, Liaoning accounted for over 4% of China's total GDP in 2012. The current overcapacity issues in steel and related industry sectors pose a downside risk to Liaoning's GDP growth in the short term as it is China's first heavy industry base. Over the longer term, as a relatively mature provincial economy, Liaoning has limited growth potential compared with other regions. Overall, its economy is expected to grow at a CAGR of 6.3% between now and 2035.
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