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Dalian is a major city and seaport in the south of Liaoning Province , China . It is the southernmost city of Northeast China and China's northernmost warm water port , at the tip of the Liaodong Peninsula . Dalian is the province's second largest city and has sub-provincial administrative status; only the provincial capital ( Shenyang ) is larger. The Shandong Peninsula lies southwest across the Bohai Sea ; Korea lies across the Yellow Sea to the east.

Today, a financial, shipping and logistics center for Northeast Asia , Dalian has a significant history of being used by foreign powers for its ports. Dalian was previously known as both Dalniy ( Russian : Дальний ; Dal'nii ) and Dairen ( Japanese : 大連 ). However the city was better known as Port Arthur ( Russian : Порт-Артур ; Port-Artur ) and Ryojun ( Japanese : 旅順 ) from the original Port Arthur , now the Lüshunkou district.

In 2015, Dalian ranks 41st in the Global Financial Centres Index published by the Z/Yen Group and Qatar Financial Centre Authority , the other Chinese cities on the list being Hong Kong , Shanghai , Shenzhen and Beijing . In 2012, Dalian ranked 82nd in the Global City Competitiveness Index , according to the Economist Intelligence Unit ( The Economist Group ). In 2006, Dalian was named China's most livable city by China Daily .