Tianjin Economic-Technological Development Area (TEDA) announced
yesterday that the newly incorporated enterprise, Kang Chif
(Tianjing) Beverage Co., Ltd., became the 4,108th foreign funded
enterprise to be approved to establish a base in TEDA. This new
arrival means the total investment of foreign funded enterprises in
TEDA has exceeded US$30 billion.
As of April 2003, TEDA had attracted a foreign investment of US$
20 billion. Thereafter, in less than 3 years, the total foreign
investment in TEDA has grown from US$20 billion to US$30
billion.
The comprehensive investment environment of TEDA is its key
attraction for foreign investors. An appraisal on the investment
environment of nation-level development areas by the Department of
Commerce indicates that TEDA's comprehensive index of the
investment environment has been ranking the first in the country
for 8 consecutive years.
The sound investment environment has reciprocated the investors
with abundant profits. In 2005, the sales profits of the
above-scale industrial enterprises in TEDA reached 7.4 percent,
(8.4 percent for the electronics industry), ranking the first
nationwide. In the main structure of local production, enterprises'
operating surplus accounted for 34 percent, which was significantly
higher than the national average of 24 percent.
The increasingly improved investment environment and expectable
return on investment not only attracts many enterprises to land
here, but also leads the companies that have invested in TEDA to
supplement their investments in an assured manner and unceasingly
introduce new technologies and new products to enhance the added
value of products, which in turn promotes the upgrading of the
product mix and the industry structure.
In 2005, the total newly added investments in TEDA reached
US$4.26 billion. 244 enterprises increased their capital, totaling
US$1.71 billion, which accounted for 40 percent of the total newly
added investment that year. The data indicates that significant
growth has been achieved in terms of both the number of
capital-increase enterprises and the capital-increase amount of
enterprises, and the percentage it takes up in the annual total
capital increase.
Tianjin Economic-Technological Development Area (TEDA) was
established in 1984 with the approval of the State Council of the
People's Republic of China. It is one of the first state-class
economic-technological development areas in the country.
TEDA is located in the center of a larger area bordering Bohai
Sea and the east of the Asia-Europe Land Bridge, thus serving as
the gate to the two cities of Beijing and Tianjin, and the
thoroughfare connecting the northeast of China. By the end of 2005,
4,067 foreign companies have landed in TEDA.
Of the Fortune 500 companies, 57 multinational companies, from
10 countries and regions, including such well-established
multinational giants as Motorola, Samsung and Toyota, invested in
123 enterprises in TEDA. In 2000, Fortune listed TEDA as one of the
most highly recommended economic areas in China. In 2002 UNIDO
listed TEDA as one of the most dynamic areas of China together with
Shenzhen, Suzhou, Wenzhou, Shanghai's Pudong and the Xi'an
High-tech Park.
(China.org.cn April 4, 2006)
