News releases

Tianjin——The Economic Center of the North: Next Promising Decade of China

　　The openness and development of Tianjin Binhai New Area is an important strategy that put forward by the Central Party Committee and the State Council in the new century, from the height of overall economic development of China. The Binhai New Area has an undeveloped area of 2270 square kilometers. It is as big as 5 Pu dong District in Shanghai, 8 Taipei in Taiwan and bigger than Shenzhen. Compare to Shanghai, which has 6340.5 square kilometers, Tianjin is an international metropolis of 11,9000 square kilometers with a vast developing potential. Looking back on the reform and opening-up history of China, it has been developing with the speed of ten years as a big leap forward, Shenzhen in 1980s, Pudong, Shanghai in 1990s. The coming ten years is bound to be Tianjin Binhai New Area’s.

In 2006, there were 1050 newly approved foreign—invested companies. Averagely, at least 3 foreign companies invested in Tianjin every working day. The total amount of investment was 14.436 billion U.S. dollars. It is estimated that more than 1000 billion RMB will be invested in the New Area in next 5 years.

Besides, Binhai has attracted the largest scale of foreign investment in north china, and this trend is getting even stronger.At present, Beijing has 40% of the R&D institution that set up in China by more than 80 multinational companies, but Tianjin has more than 10000 foreign investment corporations, and more than 200 of global top 500 corporations has chosen Tianjin to set up their manufacturing enterprise. With the good industrial foundation and large population and city density of Bohai Rim, following the successful openness and development of Pearl River Delta and Changjiang River Delta, Binhai New Area is raising the third wave of openness.

Invest in Tianjin: Invest Your Next Ten Years


China is becoming the workshop of the world

　　 The developed countries have entered the high technology density and micro-electronics era， heavy industry such as steel industry and machinery has been transferring to the developing countries gradually. Metal processing and forming, as one of the basic lines of manufacturing industry has a more distinc development: at present the whole metal line increases by 20-30% annually. The quality of products has been improved amazingly and recognized progressively by the world manufacturing industry. According to the incomplete statistical data of Machinery Industry Association,during Jan-Nov of 2006,the industrial output value of the main corporations of mach-inery industry was 4.388268 trillion, the distribution output value was 4.267589 trillion,had a growth of 29.85% and 29.74% compared with the same period last year. During the 11th-Five-Year Plan, the economy of China will keep a high growth rate, by expanding the internal demand and policy supporting, and China will enter the path to a powerfull nation of manufacturing technology. It is estimated that the consumption of manufacturing and processing equipment (machine tool) will increase at 15% annually and the sales income will keep a growth rate over 20%. China is becoming the workshop of the world, it brings Chinese manufacturing technology equipment industry a rare opportunity.