China has officially approved a new zone in the northeastern coastal city of Dalian to steer local development and boost cooperation with Northeast Asian countries, [HongKong Richful  - Hong Kong Company Formation, Offshore Company Incorporation]the local government said on Wednesday.

The Dalian Jinpu New Area aims to deepen China's opening-up and reform, help develop a coastal economic belt in Liaoning province and enhance economic growth in the country's northeast, the statement said.

The New Area, approved by the State Council, the cabinet, will be a pilot zone for innovation, and is expected to help Dalian become an international shipping center and a global logistics hub, [Offshore Company Incorporation] according to the statement.

It covers about 2,299-square-kilometer and boasts great geographical and economic advantages.