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City Information of new China projects - Tianjin |
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| General Information |
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| Area: |
12,000 sq km |
| Population: |
11 million |
| Status: |
Municipal City |
| Temperature: |
-9oC to 32oC |
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| Economic Indicators |
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| GDP |
| Per capita (RMB'000) |
55 |
| Growth (YoY change) |
17% |
| Urban Disposable Income |
| Per capita (RMB'000) |
19 |
| Growth (YoY change) |
19% |
| Retail Sales |
| Growth (YoY change) |
25% |
| Fixed Assets Investment |
| Growth (YoY change) |
43% |
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City Description
Tianjin lies on the North China Plain along the lower valleys of Haihe River. It is one of the four municipalities of China that report directly to the Central Government and enjoy provincial status.
The name "Tianjin", meaning "port for the emperor", was first adopted in the 14th century. With its strategic location along the coastline, Tianjin played the role as a major military outpost and trading port in the history of China. The opening of the Grand Canal during the Sui Dynasty also helped expanding Tianjin into a transportation and communication hub. In the early 20th century, Tianjin became one of China's largest industrial and commercial cities.
Tianjin is an economic centre in the Bohai Rim and a city of strategic importance in Northern China. Its convenient port transportation, excellent logistic services, rich supply of human resources, widespread communication network and abundant land resources in the coastal area create a favorable investment environment. In 2008, Tianjin reported a 17% growth in GDP, while investment in fixed assets amounted to RMB340 billion, a 43% increase from the previous year. More than 21,000 foreign-funded enterprises from over 130 countries have established branches in Tianjin, contributing a total investment of about US$100 billion.
In March 2006, the State Council endorsed Tianjin as the economic centre of the North. The development of Tianjin Binhai New Area is also named part of the country's overall development strategy in China's 11th Five-Year Plan for National Economic and Social Development (2006-2010). Such effort will transform the municipality from an industrial hub into a modern international port metropolis.
Source: Tianjin Government Office, National Bureau of Statistics (2008 data)
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