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Economic situation
Industry
Tianjin is one of the birthplaces of China's
modern industry. In the nineteenth century, many national
enterprisers began to establish industries including
shipyards and spinning factories. The development of
many trades, from Hou's alkali production to mechanism,
electron, metallurgy, cement and petrochemical, laid
a solid foundation for industry in Tianjin. It is Tianjin
that produced the first wristwatch, the first bicycle
and the first TV. Since 1980s, some high-tech industries,
such as automobile and biological industries, chose
Tianjin as their production bases.
Tianjin is an important and
comprehensive industrial base in the north. It has over
150 industrial trades, including mainly electron, automobile,
metallurgy, medical, textile, chemical, and mechanical
trades. Its perfect industrial assortment contributes
much to the industry development. The municipality encourages
foreign investment to set up factories in many ways.
In the ratified foreign corporations, industrial enterprises
account for 56.7%. Some world's heavyweight transnational
corporations have established their factories in Tianjin,
including Motorola, Toyota, Novo Nordisk, Samsung and
LG. After the research and renovation of industry for
many years, Tianjin decided to |
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major in the development of No2 industry
with No 1 industry as the auxiliary and try to rapid
develop No 3 industry. Its reasonable and stable industrial
structure can satisfy city development and establishment
of international municipal city.
High-and
new-tech Industry Tianjin pays much
attention to the development of high-and new-tech. "Tianjin
Development Plan of High-and New-Tech Industry" was
stipulated in 1998 and a serial of assorted facilities
policies were set up at the same time. Electronic information,
bio-medical engineering, new energy sources and new
materials are classified as the important fields and
new pillar industries. The environmental protection
industry has been in the scale and international exchange
develop quickly, especially in the cooperation with
Germany, the United States, the UK, Canada, Japan and
Sweden in the population of ISO14000. The high-and new-tech
achieved a total product of 58.698 billion yuan in 1999
and become the new developing field. |
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Agriculture
Tianjin is flat and low alluvial plain in
terrain, mountain areas and hills account for 4.6% of
the total. There are large cultivation areas suitable
for the crops plantation. Being an important base of
grains and vegetables in the Beijing-Tianjin area, surrounding
counties become industrial base of meat, egg and poultry.
Tianjin has an ideal coastal condition and is the perfect
place for large migration, local fishes & shrimps and
shellfish reproduction. It has broad inland waters and
freshwater breed is well developed. All of these not
only provide Tianjiners and people all over the world
non-polluted agricultural and side-line products, but
also open the bright future for the deep-processing
industry of agricultural products. Tianjin municipality
has taken measures to develop agricultural industrialization
and modernization. Foreign investments are encouraged
to develop farming, forestry, animal husbandry, side-line
production and fishery. The cooperation will have a
bright future in the deep-processing and development
of green food stuffs. |
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Thr
third Industry Tianjin was one of
the largest trading ports in the history. Now it will
become the commercial and trade center in the north.
Along the modern business streets are world famous exclusive
stores, chain stores, supermarkets and large department
stores, which show prosperous business and active competition.
Many hotels and restaurants provide better environments
for international exchange. On Jiefangbei Road, the
financial street, are banks and security companies providing
quick financial service for the commercial and trade
exchange. Insurance companies and lawyer offices are
effective safeguard at all time. With the reform and
opening to the outside world, there are many foreign
enterprises |
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invested in commercial and
financial trades. There are 14 foreign branch banks.
Tianjin will present its huge potential in commercial
investment and development.
Market
Tianjin is an economic center in Around-Bohai
Sea area and has an important location in the north.
It has broad hinterland and radiates 5 million square
km. Its advantages in transportation, communication,
selling network and information channels have great
influence on the whole market. Many influential trade
affairs, fairs and exhibitions held in Tianjin and national
and regional goods and materials interchange and trading
activities are also frequently held. Tianjin will become
a commercial and trading center in the north. Its advanced
technology and some famous and high-quality products
can range from mechanical, electronic fields to clothing
and daily commodities, covering nearly all trades. Its
products occupy a high percentage in northeast, northwest,
southwest and north China. Tianjin has a population
of 10 million and a huge market potential and high consumption.
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Investment
Environment 