Invest in Tianjin

investinchina.chinadaily.com.cn Updated: 2019-03-22

Overview

Tianjin, located at the center of Bohai-rim Economic Circle, plays a big part in terms of economic development both regionally and nationally. The total land area of Tianjin is 11,916.9 square kilometers, consisting of mainly plains and lowlands. Constructional plain accounts for 93% of the total area of Tianjin. Tianjin has a sub-humid continental monsoon climate. The four seasons are very distinct. In January, the coldest month, the average temperature is -5.4°C—-3.0°C, while in July, the hottest month, the average temperature is 25.9°C—26.7°C.Tianjin enjoys a rich supply of natural resources including soil, petroleum, gas, sea salt, minerals and geothermal resources.

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[Photo/VCG]

Tianjin, located at the center of Bohai-rim Economic Circle, plays a big part in terms of economic development both regionally and nationally. Tianjin is the largest coastal city adopting the market-oriented opening-up policy in the north of China. With its dynamic and vibrant economic developments, Tianjin attracted investors from all around the world. 

In the year 2016, Tianjin's GDP exceeded 1.78 trillion yuan ($259.50 billion) with 9 percent annual growth. The added value in the primary industry was 22,022 million yuan, increased by 3 percent; that in the secondary industry was 800,387 million yuan, increased by 8 percent; that in the tertiary industry was 966,130 million yuan, increased by 10 percent. The ratio of the three industries was 1.2:44.8:54.0, indicating that the effect of Tianjin's service industry in supporting local economic development was enhanced. 

In the year 2017, Tianjin's GDP exceeded 1.86 trillion yuan ($270.00 billion) with 3.6 percent annual growth. The primary industry increased by 2 percent; The secondary industry increased by 1 percent; The tertiary industry increased by 6 percent.

Pillar Industries

As one of the first industrial bases in China, Tianjin has cultivated eight pillar industries since 2007 including aerospace and aviation, petrochemical, equipment manufacturing, electronics, bio-technology and modern pharmacy, alternative energy and new material, national defense technology, light industry and textile industry, which accounts for 90 percent of the entire industrial sector of Tianjin.

Aviation and aerospace Industry

Tianjin's aerospace and aviation industry with an industrial structure characterized by superjumbo, helicopter, UAV, launch vehicle, and direct broadcast satellite (DBS), has become the only manufacture base for both the aerospace and aviation industry in China.

Petro-chemical Industry

Tianjin is one of the most significant bases of petroleum and chemical industries in China. The Dagang Petrochemical Industrial Park, established in 2003, is a specialized industrial zone with the main industrial structures including petrochemical industry, fine chemical industry, new chemical materials and bio-pharmaceuticals. The park covers an area of 55 square kilometers. Since its establishment, the park has initially built itself a zone with the support of petrochemical, fine chemical, modern medicine and new chemical materials.

Moreover, Tianjin has formed a complete industry chain featuring the petro-chemical industry including oil exploitation, oil refining, ethylene production, and chemical industry, making the city a national petro-chemical industry base and important marine chemical industry center.

Advantages

Tianjin is one of the first Chinese cities to come in contact with modern western civilizations. Thanks to the economic radiation and impact of Tianjin, unprecedented progress was made in the modernization and opening-up of various industries in northern China, which greatly improved the overall economic strength of northern China and stopped the downward trend of the economic status of the northern region in the country at that time, making this place once again one of the regions with a high level of economic development in the country. Tianjin holds the following seven competitive advantages:

First, Tianjin is located on the west coast of the Pacific Ocean, in the convergence zone of the Beijing-Tianjin-Hebei Urban Agglomeration and the Bohai-Rim Economic Circle. It is also the meeting point between the eastern Land Silk Road and the northern Maritime Silk Road in the Belt and Road Initiative, as well as a starting point of the Sino-Mongolian-Russian Economic Corridor. Now, Tianjin Port is on its way of becoming a “golden node” on the 21st century Maritime Silk Road.

Second, to give full play to its advantages in information technology, Tianjin promotes the application of information technology to the people’s livelihood and public services. “Internet + medical care”, “Internet + community management”, and other applications have freed citizens from many unnecessary errands. Tianjin will comprehensively promote the in-depth application of information technology to urban management, operations and services. It is outlined in “Tianjin Smart City Special Action Plan” that by 2020, a smart application system will be established in Tianjin to benefit the citizens.

Third, Tianjin will cooperate with Xiong’an New Area on high-end industries, such as the new generation information technology, new energy, new materials, energy conservation & environmental protection, bio-medicine and health care, to realize coordinated development of industries and technologies. Tianjin will take advantage of its role as a port city and opening-up platform to the outside world and plan dry ports in Xiong’an New Area and improve the service of ports in Hebei and Tianjin. Tianjin will use its advantages on urban planning to help Xiong’an New Area make its own planning on transportation, ecological network and offer support on technology and talents for Xiong’an’s planning, design, mapping and geological survey.

Forth, 10 industry clusters-such as new-generation information technology, high-end equipment, and new materials-continued to grow and develop in Tianjin. Tianjin is committed to building an advanced manufacturing system featuring innovation, high efficiency, smart integration, and low carbon. A new system for advanced manufacturing industry will be created. The spatial layout of advanced manufacturing industry will be optimized. A number of competitive enterprises will be cultivated.

Fifth, giving full play to the favorable policies for pilot schemes, Tianjin proactively promotes the financial reform and innovation in the free trade pilot zone. Tianjin has established the first domestic contract-type CNY sector fund, the first Internet monetary fund, and the first private bond for small cities and towns; it has established the first domestic aircraft leasing fund and aviation industry fund. Tianjin adheres to the new concept of development and promotes high-quality development. The rapid growth of emerging industries is becoming a new boost for economic development. New businesses and new modes thrived.

Sixth, Tianjin is an open and inclusive city full of vitality. It adheres to an opening up-driven strategy over the years and enjoys close and active exchanges and cooperation with dozens of cities and regions at home and abroad. Its scale and depth of opening-up as well as the environment for opening-up keep improving. The city is speeding up for internationalization, with increasing regional and international influence.

Seventh, Tianjin has continued to carry out 3 rounds of modern standardization construction for compulsory education, promoted the exam-free school admission for compulsory education, set up a mechanism for teachers and principals’ exchange and rotation, and implemented the free compulsory education policy. The city is speeding up its construction of world-class universities and disciplines reflecting the characteristics of Tianjin and China, and encouraging the transformation and development of a group of higher institutions.

Responsible Departments

1. Tianjin Foreign Investment Service Center

Contact:

Tel: 022-85589800  85589889

Fax: 022-85589837

Address: No 59 Machang Road, Hexi District, Tianjin

Postcode: 300050

2. Tianjin Foreign-invested Enterprises

Contact:

Tel: 022-58683701

Fax: 022-58683700

Address: No 157 North Dagu Road, Heping District, Tianjin

Website: http://www.tjaefi.com.cn/EN/index.aspx

3. Tianjin Commission of Commerce

Contact:

Tel: 022-24538815

Fax: 022-58665555

E-mail: tjspw@tjxzxk.gov.cn xxgkbgs@tjcoc.gov.cn

Address: No 158 North Dagu Road, Heping District, Tianjin

Postcode: 300040

Website: http://en.sww.tj.gov.cn/