BNA Is Incorporated Into The National Development Strategy

Dec 11, 2012

Tags: Tianjin municipality, survey, economy, investment

(i) Development Areas

Binhai New Area (BNA)

In the Eleventh Five-Year Plan, BNA is incorporated into the national development strategy, together with Shenzhen of Guangdong province and Pudong of Shanghai municipality, becoming another important growth point of driving regional economic development. Located in the coastal area in the east of Tianjin, BNA is composed of three function zones including Tianjin Port, Tianjin Economic-Technological Development Area (TEDA), Tianjin Free Trade Zone, three administrative areas namely Tanggu, Hangu and Dagang District as well as part of Dongli District and Jinnan District. It covers an area of 2,270 km2 with a coastline of 153 kilometers.

Doing Business in Tianjin Municipality of China: Development Zones

In accordance with the Opinion on Relevant Issues on the Promotion of Development of Tianjin BNA promulgated by the State Council of the People's Republic of China, Tianjin BNA is positioned to become a high-level base of modern manufacturing and commercialization of research findings, international aviation center of North China and a new ecological city with prosperous economy, harmonious society and beautiful environment by utilizing the various resources of Beijing, Tianjin and Hebei Province, providing the services to Bohai-Rim region and promoting the development of North-east China, North China and North-west China.

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Tianjin BNA has been approved as the comprehensive reform experimental zone by the State Council, where some important reform and opening measures in land management, fi nancial innovations, free trade zone, and support for the development of high-tech enterprises will be tried out in advance.

In 2005, the GDP of Tianjin BNA was 160.863 billion yuan, occupying 44% of that of the whole city; the gross foreign export value was US$18.47 billion, occupying 67.4% of the total of the city.

Tianjin Economic-Technological Development Area (TEDA)

Tianjin Economic-Technological Development Area (TEDA) was set up in December 1984. Through over 20 years of development, it has accumulated higher degree of industry connection and higher competitiveness, occupying a leading position in comprehensive strength among the development areas nationwide. In 2000, TEDA was acclaimed by Fortune Magazine of the US as "the most admirable industrial park of China". In 2002, United Nations Industrial Development Organization (UNIDO) listed TEDA as one of the most dynamic areas of China together with other 5 cities and regions including Shenzhen, Suzhou, Shanghai Pudong, etc.

In 2005, TEDA's GDP totaled 64.229 billion yuan, the accumulative utilization of direct foreign investment reached US$2.595 billion, the actual utilization of foreign investment reached US$1.285 billion, and the export was 13.971 billion yuan, up 25% as compared with last year. By 2005 end, TEDA has approved 4,067 foreign invested enterprises from 74 countries and regions including Hong Kong, Taiwan and Macau with an investment volume of US$29.043 billion. World top multinationals like Motorola, Toyota Automobile, Glaxo Smith Kline and Samsung have established enterprises here.

Tianjin Free Trade Zone (TFTZ)

Tianjin Free Trade Zone (TFTZ) in BNA was founded with approval from the State Council on May 12, 1991. It is the largest free trade zone in the north of China with four major functions including international trade, modern logistics, port processing, and commodity exhibition. TFTZ enjoys privileged policies on customs, tax and forex. Since its inception more than a decade ago, TFTZ has maintained continuous, healthy and rapid economic growth. Now TFTZ has formed three dominant industries including international trade, modern logistics, and export processing and a new pattern featuring co-development of seaport free trade zone, airport logistics processing zone and airport international logistics.

By 2005 end, TFTZ has attracted US$10.7 billion foreign direct investment (FDI) with actualized amount totaling US$5 billion. Over 5,700 enterprises from 133 countries and regions have invested in the Zone, 56 of which are Fortune 500 companies. Over 200 transnational logistics companies, e.g., Singapore YCH, Germany Volkswagen, Benz, Switzerland Prestige and Japan Toyota Tsusho, have established regional logistics centers in TFTZ, distributing over 2,000 kinds of products. Import & export trading centers have been set up for cars & auto parts, electronic components, petroleum chemical, engineering mechanics, steel products, cotton, fruits, and lumber, etc., forming an international multi-level and multipolarization logistics system characterized by third party domination. It is developing as the bellwether and driving force for the economic development in Beijing-Tianjin Metropolis Economic Circle, Bohai-Rim region and northern China as a whole.

Tianjin Hi-Tech Industry Park (THIP)

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Tianjin Hi-Tech Industry Park (THIP), the important source and carrier for the city's pursuit of scientific and technological progress, was approved by the State Council as a state-level hi-tech zone in March 1991. While actively developing new & hi-tech industries with self-owned IPR, THIP aims to build itself as the city's largest-scale and most-advanced hi-tech industry base that has critical status and influence in China. In 2005, THIP became China's first approved "National Intellectual Property Trial Park" among all hi-tech zones in China. In the same year, 392 technology contracts were verified and registered with a contract volume of 350 million yuan. In 2005, the total technology, industry and trade income in this park reached 75.129 billion yuan and the foreign exchange through exports totaled US$2.453 billion.

List of Tianjin's Development Areas

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